Multiple choice

The law dealing with the partnerships is contained in

  1. The Indian Partnership Act, 1932

  2. The Indian Partnership Act, 1930

  3. The Indian Partnership Act, 1872

  4. The Indian Partnership Act, 2006

Reveal answer Fill a bubble to check yourself
A Correct answer
Explanation

The law governing partnerships in India is the Indian Partnership Act, 1932. This Act defines partnership, relations between partners, and their relations with third parties. It came into force on October 1, 1932, and repealed earlier provisions relating to partnerships.