Doctrine of Holding Out - Effects of Non Registration of a Partnership Firm - Finance Assignment Help

Assignment Task :

I. ONE LINERS  

1. What is implied authority of a Partner?
2. What is Doctrine of Holding out?
3. How is a Registrar Appointed and which statute (Section) governs him?
4. Does death of a Partner compulsorily dissolves the Partnership Firm?
5. Is partnership firm limitedly liable?

II. SUBJECTIVE QUESTIONS 

1. What are the essentials of being a Partner? Which is the major essential for the true test of Partnership?
2. Explain the scope of implied authority of a partner with the help of case/ illustration.
3. What are the effects of Non Registration of a Partnership Firm?
4. How is a Partnership dissolved in cases of any Contingency?

III. ANALYTICAL QUESTIONS 

1. Assume that a partnership firm owes some amount to a Bank and it has not repaid the same. However, a partner has an account in the same bank which a good balance. Can the bank satisfy its debt of the firm by claiming it from the partner’s account. If yes, why? If no, why?

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