Multiple choice

Which of the following is not a right of an outgoing partner?

  1. To use the name of the firm

  2. To carry on competitive business to that of the firm

  3. To share subsequent profits till the final settlement

  4. To claim interest @ 6% p.a. on his unpaid amount
Reveal answer Fill a bubble to check yourself
A Correct answer
Explanation

Option (1) is correct: An outgoing partner does not have a right to use the name of the firm. The other rights are available to him unless there is a contract to contrary.

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