10-mark question · Part C · Law of Contract – II
Raju, a partner of a firm, borrows money on his own credit by giving his own promissory note, for the same, but he subsequently uses the proceeds of the note in the partnership concern of his own free will without any reference to the lender to do so. Is the firm liable for the loan?
Frequency
2×
papers in the bank
Marks
10
common OU pattern
Years
2021, 2019
Appeared in
- Law of Contract – II · August 2021 (Part A only) Mapped paper Download
- Law of Contract – II · July/August 2019 Mapped paper Download
Mapped topics
- Nature of partnership, relations of partners and third parties — Unit V
- Dissolution of firm and limited liability partnership — Unit V
Mapped case laws
Not mapped to a case yet.