Unit 4
Chapter 4
Implied Authority, Incoming & Outgoing Partners
āĻ āύ্āϤ⧰্āύিāĻšিāϤ āĻā§°্āϤৃāĻĒāĻ্āώ, āĻāĻāϤীāϝ়া āĻā§°ু āĻŦāĻšিā§°্āĻাāĻŽী āĻ ংāĻļীāĻĻাā§°
Questions
āĻĒ্ā§°āĻļ্āύāϏāĻŽূāĻš
MULTIPLE CHOICE QUESTIONS
āĻāĻাāϧিāĻ āĻŦিāĻāϞ্āĻĒāĻĒ্ā§°āĻļ্āύ 1. Authority includes:
1. āĻā§°্āϤৃāĻĒāĻ্āώāĻ āĻ āύ্āϤ⧰্āĻুāĻ্āϤ āĻā§°ে:
(a) power granted (b) express authority
(c) implied authority (d) all of the above
(e) None of the above
(āĻ) āĻĒ্ā§°āĻĻাāύ āĻā§°া āĻ্āώāĻŽāϤা (āĻ) āĻĒ্ā§°āĻাāĻļ āĻā§°্āϤৃāϤ্āĻŦ (āĻ) āĻāĻĒā§°োāĻ্āϤ āϏāĻāϞোāĻŦোā§° āĻ āύ্āϤ⧰্āύিāĻšিāϤ āĻā§°্āϤৃāĻĒāĻ্āώ (āĻ) (āĻ) āĻāĻĒā§°ā§° āĻোāύোāĻো āύāĻšāϝ়
Ans: (d) all of the above
āĻāϤ্āϤ⧰: (āĻ) āĻāĻĒā§°োāĻ্āϤ āϏāĻāϞোāĻŦোā§°
2. Implied Authority is
2. āĻ āύ্āϤ⧰্āύিāĻšিāϤ āĻā§°্āϤৃāĻĒāĻ্āώ āĻšৈāĻে
(a) Inferred from the circumstances of case (b) Inferred from the conduct of the partners
(c) Expressed specifically in contract (d) Both (a) and (b) (e) Both (b) and (c)
(āĻ) āĻেāĻā§° āĻĒā§°িāϏ্āĻĨিāϤিā§° āĻĒā§°া āĻ āύুāĻŽাāύ āĻā§°া (āĻ) āĻ ংāĻļীāĻĻাā§°āϏāĻāϞ⧰ āĻāĻā§°āĻŖā§° āĻĒā§°া āĻ āύুāĻŽাāύ āĻā§°া āĻšৈāĻে (āĻ) āĻুāĻ্āϤিāϤ āĻŦিāĻļেāώāĻাā§ąে āĻĒ্ā§°āĻাāĻļ āĻā§°া (āĻ) (āĻ) āĻā§°ু (āĻ) āĻĻুāϝ়োāĻা (āĻ) (āĻ) āĻā§°ু (āĻ) āĻĻুāϝ়োāĻা
Ans: (d) Both (a) and (b)
āĻāϤ্āϤ⧰: (āĻ) āĻĻুāϝ়োāĻা (āĻ) āĻā§°ু (āĻ)
3. Relations of partners to third parties is based on
3. āϤৃāϤীāϝ় āĻĒāĻ্āώ⧰ āϏৈāϤে āĻ ংāĻļীāĻĻাā§°ā§° āϏāĻŽ্āĻĒā§°্āĻ ā§° āĻāĻĒā§°āϤ āĻāϧাā§°িāϤ
(a) Principle of Guarantee (b) Principle of Faith (c) Principle of Agency (d) All of the above
Ans: (c) Principle of Agency
FILL IN THE BLANKS
āĻাāϞী āĻ াāĻāĻŦোā§° āĻĒূā§°āĻŖ āĻā§°āĻ 1. The authority conferred on a partner by the provisions of section 19 of the Partnership Act is called as _______ authority. [Express/Implied]
1. āĻ ংāĻļীāĻĻাā§°ী āĻāĻāύ⧰ āϧাā§°া 19-ā§° āĻŦিāϧাāύ⧰ āĻĻ্āĻŦাā§°া āĻ ংāĻļীāĻĻাā§°āĻ āĻĒ্ā§°āĻĻাāύ āĻā§°া āĻā§°্āϤৃāϤ্āĻŦāĻ _______ āĻŦুāϞি āĻোā§ąা āĻšāϝ়। āĻā§°্āϤৃāϤ্āĻŦ। [āĻāĻ্āϏāĻĒ্ā§°েāĻ/āĻāύāĻŽেāĻেāĻĄ]
Ans: (1) Implied
āĻāϤ্āϤ⧰: (1) āĻ āύ্āϤ⧰্āύিāĻšিāϤ
2. Nature of business decides the scope of _______ authority of partners. [Express/Implied]
2. āĻŦ্āĻ¯ā§ąāϏাāϝ়ā§° āĻĒ্ā§°āĻৃāϤিāϝ়ে _______ ā§° āĻĒā§°িāϏ⧰ āύিā§°্āϧাā§°āĻŖ āĻā§°ে। āĻ ংāĻļীāĻĻাā§°ā§° āĻā§°্āϤৃāϤ্āĻŦ। [āĻāĻ্āϏāĻĒ্ā§°েāĻ/āĻāύāĻŽেāĻেāĻĄ]
Ans: (2) Implied
āĻāϤ্āϤ⧰: (2) āĻ āύ্āϤ⧰্āύিāĻšিāϤ
3. For acts done by any partner, _______ is liable towards the third party. [Partner/Whole firm]
3. āϝিāĻোāύো āϏāĻ্āĻীā§° āĻĻ্āĻŦাā§°া āĻā§°া āĻাāĻŽā§° āĻŦাāĻŦে, _______ āϤৃāϤীāϝ় āĻĒāĻ্āώ⧰ āĻĒ্ā§°āϤি āĻĻাāϝ়āĻŦāĻĻ্āϧ। [āĻ ংāĻļীāĻĻাā§°/āϏāĻŽ্āĻĒূā§°্āĻŖ āĻĢাā§°্āĻŽ]
Ans: (3) Whole firm
āĻāϤ্āϤ⧰: (3) āϏāĻŽ্āĻĒূā§°্āĻŖ āĻĢাā§°্āĻŽ
4. Notice to a partner serves as a notice to ________. [Partner only/Firm]
4. āĻāĻāύ āϏāĻ্āĻীāĻ āĻাāύāύী āĻĻিāϝ়াāĻোā§ąে __ [āĻেā§ąāϞ āĻ ংāĻļীāĻĻাā§°/āĻĢাā§°্āĻŽ]
Ans: (4) Firm
āĻāϤ্āϤ⧰: (4) āĻĢাā§°্āĻŽ
5. ________ is liable for money applied by a partner. [Partner/Firm]
5. ________ āĻāĻāύ āĻ ংāĻļীāĻĻাā§°ā§° āĻĻ্āĻŦাā§°া āĻĒ্ā§°āϝ়োāĻ āĻā§°া āϧāύ⧰ āĻŦাāĻŦে āĻĻাāϝ়āĻŦāĻĻ্āϧ। [āĻ ংāĻļীāĻĻাā§°/āĻĢাā§°্āĻŽ]
Ans: (5) Firm
āĻāϤ্āϤ⧰: (5) āĻĢাā§°্āĻŽ
TRUE/FALSE
āϏāϤ্āϝ/āĻŽিāĻা 1. In case of a trading firm a partner cannot borrow money on behalf of the firm.
1. āĻŦ্āĻ¯ā§ąāϏাāϝ়িāĻ āĻĒ্ā§°āϤিāώ্āĻ াāύ āĻāĻাā§° āĻ্āώেāϤ্ā§°āϤ āĻ ংāĻļীāĻĻাā§°ে āĻĢাā§°্āĻŽā§° āĻšৈ āĻāĻা āϧাā§° āϞ'āĻŦ āύোā§ąাā§°ে।
Ans: (1) False
āĻāϤ্āϤ⧰: (1) āĻŽিāĻা
2. A new partner can be admitted to the firm with the consent of all partners.
2. āϏāĻāϞো āĻ ংāĻļীāĻĻাā§°ā§° āϏāύ্āĻŽāϤিāϤ āĻĢাā§°্āĻŽāϤ āĻāĻāύ āύāϤুāύ āĻ ংāĻļীāĻĻাā§° āĻā§°্āϤি āĻā§°িāĻŦ āĻĒাā§°ি।
Ans: (2) True
āĻāϤ্āϤ⧰: (⧍) āϏঁāĻা
3. A minor can only be admitted to the benefits of partnership,
3. āĻāĻāύ āύাāĻŦাāϞāĻāĻ āĻেā§ąāϞ āĻ ংāĻļীāĻĻাā§°িāϤ্āĻŦā§° āϞাāĻাāϞাāĻā§° āĻŦাāĻŦে āĻšে āĻā§°্āϤি āĻā§°িāĻŦ āĻĒাā§°ি,
Ans: (3) True
āĻāϤ্āϤ⧰: (3) āϏঁāĻা
4. The liability of a new partner commences from the date of establishment of firm.
4. āύāϤুāύ āĻ ংāĻļীāĻĻাā§° āĻāĻāύ⧰ āĻĻাāϝ়āĻŦāĻĻ্āϧāϤা āĻĢাā§°্āĻŽ āϏ্āĻĨাāĻĒāύ⧰ āϤাā§°িāĻā§° āĻĒā§°া āĻā§°āĻŽ্āĻ āĻšāϝ়।
Ans: (4) False
āĻāϤ্āϤ⧰: (4) āĻŽিāĻা
SHORT QUESTIONS
āĻāĻŽু āĻĒ্ā§°āĻļ্āύ
1. Write a brief note on minor as a partner.
1. āϏāĻ্āĻী āĻšিāĻাāĻĒে āύাāĻŦাāϞāĻā§° āĻāĻĒā§°āϤ āĻāĻা āĻāĻŽু āĻোāĻা āϞিāĻāĻ।
Ans:
2. Who is an outgoing partner?
2. āĻāĻāύ āĻŦāĻšিā§°্āĻাāĻŽী āĻ ংāĻļীāĻĻাā§° āĻোāύ?
Ans:
3. How can a new partner be admitted to an already existing partnership firm?
3. āĻāϤিāĻŽāϧ্āϝে āĻŦিāĻĻ্āϝāĻŽাāύ āĻ ংāĻļীāĻĻাā§°ী āĻĒ্ā§°āϤিāώ্āĻ াāύ āĻāĻাāϤ āύāϤুāύ āĻ ংāĻļীāĻĻাā§° āĻāĻāύāĻ āĻেāύেāĻৈ āĻā§°্āϤি āĻā§°িāĻŦ āĻĒাā§°ি?
Ans:
4. Write a note on liability of an expelled partner.
4. āĻŦāĻšিāώ্āĻৃāϤ āϏāĻ্āĻীā§° āĻĻাāϝ়āĻŦāĻĻ্āϧāϤাā§° āĻāĻĒā§°āϤ āĻāĻা āĻোāĻা āϞিāĻāĻ।
Ans:
LONG QUESTIONS
āĻĻীāĻāϞীāϝ়া āĻĒ্ā§°āĻļ্āύ
1. What are the consequences of retirement of a partner?
1. āĻāĻāύ āϏāĻ্āĻীā§° āĻ ā§ąāϏ⧰⧰ āĻĒā§°িāĻŖাāĻŽ āĻি?
Ans: 2. Explain the rights of an outgoing partner.
2. āĻāĻāύ āĻŦāĻšিā§°্āĻাāĻŽী āĻ ংāĻļীāĻĻাā§°ā§° āĻ āϧিāĻাā§° āĻŦ্āϝাāĻ্āϝা āĻā§°āĻ।
Ans: 3. Explain the Doctrine of Implied Authority.
ā§Š. āĻ āύ্āϤ⧰্āύিāĻšিāϤ āĻā§°্āϤৃāĻĒāĻ্āώ⧰ āĻŽāϤāĻŦাāĻĻāĻŦā§°্āĻŖāύা āĻā§°āĻ।
Ans: 4. Discuss the restrictions imposed on the implied authority of a partner under Partnership Act.
4. āĻ ংāĻļীāĻĻাā§°ী āĻāĻāύ⧰ āĻ āϧীāύāϤ āĻ ংāĻļীāĻĻাā§°ā§° āĻ āύ্āϤ⧰্āύিāĻšিāϤ āĻā§°্āϤৃāϤ্āĻŦā§° āĻāĻĒā§°āϤ āĻā§°োāĻĒ āĻā§°া āĻĒ্ā§°āϤিāĻŦāύ্āϧāĻāϤাāĻŦোā§° āĻāϞোāĻāύা āĻā§°āĻ।
Ans: 5. Discuss the effect of implied authority on the third parties.
5. āϤৃāϤীāϝ় āĻĒāĻ্āώ⧰ āĻāĻĒā§°āϤ āĻ āύ্āϤ⧰্āύিāĻšিāϤ āĻā§°্āϤৃāϤ্āĻŦā§° āĻĒ্ā§°āĻাā§ąāĻāϞোāĻāύা āĻā§°āĻ।
Ans:
Post Id: DABP003562