Multiple choice

As per Section 29 of the Indian Partnership Act, 1932 a partner may transfer his interest in the firm

  1. by sale

  2. by mortgage

  3. by charge

  4. all of these
Reveal answer Fill a bubble to check yourself
D Correct answer
Explanation

Under Section 29 of Indian Partnership Act, a partner's interest in the firm is transferable property. This interest can be transferred by sale (selling the share), mortgage (using it as security), or charge (creating an encumbrance). The transferee gets right to profits but not management.

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