MCQ 27 December 2023

Daily MCQs for Judiciary Prelims Exams - (27 December 2023)



Question/ Answer
Question1:- Where no provision is made by contract between the partners for the duration of their partnership, or for the determination of their partnership, the partnership is called as:
  • (a) Particular partnership
  • (b) Partnership for a fixed term
  • (c) Partnership at will
  • (d) None of the above
Answer is C is correct. As per section 7 Where no provision is made by contract between the partners for the duration of their partnership, or for the determination of their partnership, the partnership is “partnership-at-will”. Therefore option (c) is the correct answer.
Question2:- Property of the firm as per Section 14 of the Indian Partnership Act includes
  • (a) Property originally brought
  • (b) Property subsequently acquired
  • (c) Goodwill of the business
  • (d) All of the above
Answer is D is correct. Section 14 of the Act provides for the provisions related to the property of the firm which includes property originally brought in and subsequently acquired. Property originally brought in includes goodwill of the business as well. Therefore option (d) is the correct answer.
Question3:- Which section deals with rights and duties of partners after a change in the firm
  • (a) Section 15
  • (b) Section 16
  • (c) Section 17
  • (d) Section 18
Answer is C is correct. Section 17 deals with rights and duties of partners after a change in the firm. Though the rights mentioned under this provision is subject to the contract between the partners. Therefore option (c) is the correct answer.
Question4:- When a change occurs in the constitution of the firm, the mutual rights and duties of the partners in the reconstituted firm
  • (a) Changes according to the terms and conditions between the partners
  • (b) Changes with the change in terms and conditions of the firm
  • (c) Remains same as they were immediately before the change
  • (d) Remains same as they were before the expiry of the firm
Answer is C is correct. According to Section 17(a) of the Act when a change occurs in the constitution of the firm, the mutual rights and duties of the partners in the reconstituted firm remains the same as they were. Therefore option (c) is the correct answer.
Question5:- Where additional undertakings are carried out then the mutual rights and duties
  • (a) Changes as per Section 17(b)
  • (b) Changes as per Section 17(c)
  • (c) Remains same as per Section 17(b)
  • (d) Remains same as per Section 17(c)
Answer is D is correct. According to Section 17(c) of Indian Partnership Act the mutual rights and duties remain the same after a firm is constituted for one or more adventures or undertakings. Therefore option (d) is the correct answer.
Question6:- Every partner is liable jointly and severally for all the acts of the firm is provided under which provision of Indian Partnership Act
  • (a) Section 22
  • (b) Section 23
  • (c) Section 24
  • (d) Section 25
Answer is D is correct. As per Section 25 of the Act the partner can be sued individually and also jointly with all the other partners. Therefore option (d) is the correct answer.
Question7:- Which doctrine is dealt under Section 25 of the Indian Partnership Act
  • (a) Doctrine of Implied Authority
  • (b) Doctrine of Feeding the grant by estoppel
  • (c) Doctrine of Waiver
  • (d) Doctrine of Separation of power
Answer is A is correct. Section 25 states that every partner is liable for the acts of the firm and Doctrine of Implied Authority is dealt under this provision wherein every partner is liable for the acts of another. Therefore option (a) is the correct answer.

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