Home › CA Foundation › businesslaw › Partnership — Relations of Partners › Under Section 12(d), every partner (whether acti…
Under Section 12(d), every partner (whether active or sleeping) has the right to:
AHave access to, inspect and copy any of the books of the firm
BDraw a fixed salary
CBind the firm in all transactions
DExpel another partner
Answer & Solution
Correct answer: A. Have access to, inspect and copy any of the books of the firm
Section 12(d) gives every partner the right to access, inspect and copy the firm's books, to be exercised bona fide.
Related questions
Where one partner is better acquainted with the firm's accounts in a transaction with anotThe proportion in which partners share profits, in the absence of agreement, bears what reUnder Section 17, after a change in the constitution of the firm, the mutual rights and duUnder Section 24, notice to a partner who habitually acts in the firm's business operates Under Section 23, an admission or representation made by a partner binds the firm if it isUnder Section 22, to bind the firm, an act or instrument by a partner must be done or execUnder Section 21, in an emergency a partner has authority to:Under Section 20, a restriction on a partner's implied authority binds a third party only