Question
Legal Studies Question on Company Law
What is the right of a outgoing partner to carry on competing business according to the Indian Partnership Act, 1932?
A
May carry on a business competing with that of the firm and may advertise such business.
B
May use the firm name
C
May represent himself as carrying on the business of the old firm.
D
May solicit the custom of person who were dealing with the firm before he ceased to be a partner
Answer
May carry on a business competing with that of the firm and may advertise such business.
Explanation
Solution
The correct option is (A): May carry on a business competing with that of the firm and may advertise such business.