Law · Indian Partnership Act, 1932
If X and Y have a partnership firm, they cannot introduce Z as a new partner without the consent of both X and Y. If Z is introduced as a new partner, then subject to contract to the contrary:
Verified Solution4 OptionsUpdated: October 2026👁️1 View
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- 1Z will not be liable for any act done by the firm before Z became a partner.✓
- 2Z will be liable for any act done by the firm before Z became a partner.
- 3Z's liability is decided solely by X and Y.
- 4Z's liability is determined retrospectively by the registrar of firms.
Correct answer
Z will not be liable for any act done by the firm before Z became a partner.
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