alleryStart learning →Section 69 spares a set-off claim not exceeding what value?
ARs 1,000
BRs 500
CRs 10,000
DRs 100
Answer & Solution
Correct answer: D. Rs 100
Section 69(4)(b) exempts suits or set-off claims not exceeding one hundred rupees of the specified small kind.
Keep practising Partnership
Browse all Partnership questions for CA Foundation, or explore more Businesslaw topics.
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?