Multiple choice

Section 25 of the Indian partnership Act provides for duty of a partner to be liable jointly and severally and is unlimited.

  1. True

  2. False

  3. Partly true

  4. Cannot say
Reveal answer Fill a bubble to check yourself
A Correct answer
Explanation

Section 25 of the Indian Partnership Act 1932 establishes that partners are jointly and severally liable for all firm debts and obligations. 'Jointly' means all partners together are responsible; 'severally' means each partner individually can be held liable for the full amount. This liability is unlimited - personal assets can be used to pay firm debts. The answer True is correct because this accurately describes the statutory position.

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