Q6. Master X was introduced to the benefits of partnership of M/S ABC & Co. with...

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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) 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)

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According to Section 305 of the Indian Partnership Act 1932 a per... View the full answer