According to Section 25 of the Indian Partnership Act, 1932, the liability of a partner is —

CS CSEET · Business Environment and Entrepreneurship & Business Management, Ethics and Communication · PYQS · June 2013
According to Section 25 of the Indian Partnership Act, 1932, the liability of a partner is —
(A) Joint
(B) Several
(C) Joint and several
(D) None of the above.

Answer & Explanation:

Correct Answer: Option (C)

Correct answer: (C) Joint and several.

Topics: Business Laws

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