alleryStart learning →Notice to an acting partner does not bind the firm in case of what?
AFraud on the firm
BA routine order
CA bulk purchase
DA late delivery
Answer & Solution
Correct answer: A. Fraud on the firm
The rule yields where the partner commits a fraud on the firm or with his consent, since he would not pass on the notice.
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Related questions
A fixed-term firm carrying on after expiry takes the incidents of what?While settling accounts after dissolution, goodwill is treated as what?A partner rescinding for fraud ranks as what regarding debt payments he made?No premium refund follows when dissolution is mainly due to what?After dissolution, a partner's authority continues for what purpose?Which is repaid first among partners after outside debts?Settling accounts after dissolution, firm assets first pay what?Public notice of a registered firm's dissolution includes which publication?