Mark the incorrect statement.
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The courts can see that the power of expulsion of a partner is exercised in good faith in the interest of the firm.
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Expulsion of a partner who has been held guilty of an offence has been considered to be justified.
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A partner convicted for travelling without a ticket with intent to avoid payment could be expelled on that ground.
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The liability of an expelled partner is not the same as that of a retired partner.
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None of the above
Reveal answer
Fill a bubble to check yourself
D
Correct answer
Explanation
The liability of an expelled partner is the same as that of a retired partner. A retirement can be made with the consent of all partners and expulsion can be made by majority of the partner in the exercise of good faith of powers conferred by contract between the partners.