Q6. Master X was introduced to the benefits of partnership of M/S ABC & Co. with the consent of all partners. After atta

[answerhappygod]

Q6 Master X Was Introduced To The Benefits Of Partnership Of M S Abc Co With The Consent Of All Partners After Atta 1 (105.16 KiB) Viewed 30 times

Q6. Master X was introduced to the benefits of partnership of M/S ABC & Co. with the consent of all partners. After attaining majority, more than six months elapsed and he failed to give a public notice as to whether he elected to become or not to become a partner in the firm. Later on, Mr. L, a supplier of material to M/S ABC & Co., filed a suit against M/S ABC & Co. for recoveryof the debt due. In the light of the Indian Partnership Act, explain: i) To what extent X will be liable if he failed to give public notice after attaining majority? ii) Can Mr. L recover his debt from X? (7,7)