Multiple choice

Where a partner in a firm is adjudicated an insolvent,

  1. he does not cease to be a partner

  2. he ceases to be a partner on the date on which the order of adjudication is made, whether or not the firm is thereby dissolved

  3. Both (1) and (2)

  4. None of these
Reveal answer Fill a bubble to check yourself
B Correct answer
Explanation

Under section 34 of Partnership Act, where a partner in a firm is adjudicated, he ceases to be a partner on the date on which the order of adjudication is made, whether or not the firm is thereby dissolved.

Keep practicing — related questions