Law · Indian Partnership Act
Section 49 of the Indian Partnership Act, 1932, stipulates that:
Verified Solution4 OptionsUpdated: October 2026👁️1 View
Share:
- 1The share of a partner in the partnership property, after payment of firm debts, cannot be used to pay separate debts under any circumstances
- 2The share of a partner in the partnership property, after payment of firm debts, shall be applied for payment of their separate debts✓
- 3The separate property of a partner must be applied first for the payment of firm debts
- 4The partnership property can be applied first for the payment of separate debts of a partner
Correct answer
The share of a partner in the partnership property, after payment of firm debts, shall be applied for payment of their separate debts
Download Single Question PDF
Save this question and verified answer as a clean study sheet with live clickable link.
👥
Share with Friends & Study Groups
Challenge your peer aspirants on WhatsApp or Telegram to solve this question!
Online Test Series
Start Free Mock Test →Preparing for Law?
Practice full-length mock tests with real exam timers, instant score analysis, and all-India ranking.
Chapter Practice
Practice Indian Partnership Act MCQs →Want more practice questions on Indian Partnership Act?
Solve complete topic-wise tests with detailed solutions on GkGet.
Related Practice Questions
Recommended practice questions in Law · Indian Partnership Act