Multiple choice

A partner may be expelled from the firm on the fulfillment of the condition that the expulsion power is exercised

  1. as given by expressed contract

  2. by majority of partners

  3. in absolute good faith

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

A partner's expulsion must be authorized by the partnership deed (expressed contract), approved by majority of partners as per agreement, and exercised in absolute good faith (bona fide) with proper notice. All three conditions must be satisfied for valid expulsion.

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