Section 14 of the Indian partnership Act deals with the property of the firm. If the private property of a partner is used for the purpose of the business, it becomes the property of the firm only if the partners show to make it so.
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True
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False
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Partly true
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Cannot say
A
Correct answer
Explanation
Section 14 of the Indian Partnership Act 1932 deals with the property of the firm. It states that when private property of a partner is used for business purposes, it can become firm property if there is a clear intention to make it so. The key requirement is evidence of intention to convert private property into firm property. Mere use for business is insufficient without that intention. The answer True is correct.