Chapter 15: THE PARTNERSHIP ACT, 1922 – DEFINITION, NATURE AND KINDS OF PARTNERSHIP

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Q.1      Define partnership and its features /characteristics?

Q.2      Discusses the advantages & disadvantages of partnership?

Q.3      What is partnership agreement? Discuss the important points of this document?

Q.4      Explain the duties, rights and liabilities of each partner?

Q.5      Discusses the various kinds of a partner?

Q.6      What is Co-Ownership? Distinguish b/w Co-ownership and Partnership?

Q. 7     Discusses the various forms of partnership under Islamic law?

Q.8      Discusses the Various forms of Partnership?

Q.9      Describes the rules Regarding Reconstitution of a firm.

Q.10    Distinguishes between firm’s debts and private debts.

Q.11    Explains when the Public Notice is required to be given and when not?

Q.12    Defines Shirakat and its classification under Islamic trade provisions.

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