Section 20 Partnership Act
2019-03-30
20. Extension and restriction of partner’s implied authority. The partners in a firm may, by contract between the partners, extend or restrict the implied authorityRead More →
Section 21 Partnership Act
2019-03-30
21. Partner’s authority in an emergency. A partner has authority, in an emergency, to do all such acts for the purpose of protecting the firmRead More →
Section 22 Partnership Act
2019-03-30
22. Mode of doing act to bind firm. In order to bind a firm, an act or instrument done or executed by a partner orRead More →
Section 23 Partnership Act
2019-03-30
23. Effect of admissions by a partner. An admission on representation made by a partner concerning the affairs of the firm is evidence against theRead More →
Section 24 Partnership Act
2019-03-30
24. Effect of notice to acting partner. Notice to a partner, who habitually acts in the business of the firm of any matter relating toRead More →
Section 25 Partnership Act
2019-03-30
25. Liability of a partner for acts of the firm. Every partner is liable, jointly with all the other partners and also severally, for allRead More →
Section 26 Partnership Act
2019-03-30
26. Liability of the firm for wrongful acts of a partner. Where, by the wrongful act or omission of a partner acting in the ordinaryRead More →
Section 27 Partnership Act
2019-03-30
27. Liability of firm for misapplication by partners. Where- (a) a partner acting within his apparent authority receives money or property from a third partyRead More →
Section 28 Partnership Act
2019-03-30
28. Holding out. (1) Any one who by words spoken or written or by conduct represents himself or knowingly permits himself to be represented, toRead More →
Section 29 Partnership Act
2019-03-30
29. Rights of transferee or a partner’s interest. (1) A transfer by a partner of his interest in the firm, either absolute or by mortgage,Read More →
Section 30 Partnership Act
2019-03-30
30. Minors admitted to the benefits of partnership. (1) A person who is a minor according to the law to which he is subject mayRead More →
Section 31 Partnership Act
2019-03-30
CHAPTER V – INCOMING AND OUTGOING PARTNERS 31. Introduction of a partner. (1) Subject to contract between the partners and to the provisions of sectionRead More →
Section 32 Partnership Act
2019-03-30
32. Retirement of a partner. (1) A partner may retire,- (a) with the consent of all the other partners, (b) in accordance with an expressRead More →
Section 33 Partnership Act
2019-03-30
33. Expulsion of a partner. (1) A partner may not be expelled from a firm by any majority of the partners, save in the exerciseRead More →
Section 34 Partnership Act
2019-03-30
34. Insolvency of a partner. (1) Where a partner in a firm is adjudicated an insolvent he ceases to be a partner on the dateRead More →
Section 35 Partnership Act
2019-03-30
35. Liability of estate of deceased partner. Where under a contract between the partners the firm is not dissolved by the death of a partner,Read More →
