Quiz 3rd Year

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1.

Jambo is one of the partners in partnership ABC enters a contract


with Lucky. However the former was not notified that the
partnership was dissolved due to the death of one of the partners.
Is the contract entered into by Jambo binding upon the other
partners?

a.
In the above given case, if the dissolution is caused by the
insolvency of a partner, is the contract binding upon other
partner?

b.
How about if the cause of dissolution is the insolvency of the
partnership, is the contract binding upon the other partner?

c.
Jambo was notified by the dissolution caused by the death of one
of the partners, is there possibility that partners may be held
liable?

d.
What is/are the rights, if any, of other partners held liable from
the partner who transacted business with the third person without
notice of dissolution caused by the death of one of the partners?

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