MEDIUM
Bihar Cooperative Bank Assistant Mains
IMPORTANT
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An HUF cannot become a partner in a firm as per Supreme Court judgement because:

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Important Questions on Banking Law and Practice

MEDIUM
Bihar Cooperative Bank Assistant Mains
IMPORTANT
Hand Book Of Banking Information>Chapter 4 - Banking Law and Practice>TEST YOUR SELF>Q 17
Corporate Bank receives a notice on Jan 31, 2015, from one of the partners of M/S Suneel Trading Co. stating that he has disassociated himself from the partnership firm with effect from Jan 01, 2015. The cash credit a/c has been showing a debit balance of Rs.16.45 lac on that day. Which among the following actions the bank is required to take?
MEDIUM
Bihar Cooperative Bank Assistant Mains
IMPORTANT
Hand Book Of Banking Information>Chapter 4 - Banking Law and Practice>TEST YOUR SELF>Q 18
ABC, a partnership maintains an overdraft account and partner C expires but the bank does not stop operations in the account which continue without any interruption:
EASY
Bihar Cooperative Bank Assistant Mains
IMPORTANT
Hand Book Of Banking Information>Chapter 4 - Banking Law and Practice>TEST YOUR SELF>Q 19
As per Section 18 of the Indian Partnership Act, all partners are principals and agents of each other.
MEDIUM
Bihar Cooperative Bank Assistant Mains
IMPORTANT
Hand Book Of Banking Information>Chapter 4 - Banking Law and Practice>TEST YOUR SELF>Q 20
Which among the following actions of a partner falls within his implied' authority under the Indian Partnership Act:
EASY
Bihar Cooperative Bank Assistant Mains
IMPORTANT
Hand Book Of Banking Information>Chapter 4 - Banking Law and Practice>TEST YOUR SELF>Q 21
A partner of a partnership firm BB wants to cancel a mandate given to a 3rd person by all the partners to operate a bank account. Can he cancel the same?
MEDIUM
Bihar Cooperative Bank Assistant Mains
IMPORTANT
Hand Book Of Banking Information>Chapter 4 - Banking Law and Practice>TEST YOUR SELF>Q 22
Can two partnership firms make a third partnership firm through an agreement between them:
MEDIUM
Bihar Cooperative Bank Assistant Mains
IMPORTANT
Hand Book Of Banking Information>Chapter 4 - Banking Law and Practice>TEST YOUR SELF>Q 23
If a partnership firm wants to create an equitable mortgage of its immovable property, who will deposit original title deed with the bank on behalf of the firm:
EASY
Bihar Cooperative Bank Assistant Mains
IMPORTANT
Hand Book Of Banking Information>Chapter 4 - Banking Law and Practice>TEST YOUR SELF>Q 24
Under which of the following circumstances, one of its partners without consent of other can dissolve a partnership firm?