Question:
What is the right of a outgoing partner to carry on competing business according to the Indian Partnership Act, 1932?
What is the right of a outgoing partner to carry on competing business according to the Indian Partnership Act, 1932?
Updated On: Aug 5, 2024
- May carry on a business competing with that of the firm and may advertise such business.
- May use the firm name
- May represent himself as carrying on the business of the old firm.
- May solicit the custom of person who were dealing with the firm before he ceased to be a partner
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The Correct Option is A
Solution and Explanation
The correct option is (A): May carry on a business competing with that of the firm and may advertise such business.
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