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Partnership act

Corporate & Other Laws

(ii) Ram, Mohan and Gopal were partners in a firm. During the course of partnership, the firm ordered Sunrise Ltd. to supply a machine to the firm. Before the machine was delivered, Ram expired. The machine, however, was later delivered to the firm. Thereafter, the remaining partners became insolvent and the firm failed to pay the price of machine to Sunrise Ltd. Explain with reasons: (1) Whether Ram's private estate is liable for the price of the machine purchased by the firm? (ii) Against whom can the creditor obtain a decree for the recovery of the price?

Lucky Garg

CA Foundation

★ 2K+

24-Apr-20 13:32

566

Answers (3)

Please explain with reason

Thread Starter

Lucky Garg

CA Foundation

★ 2K+

24-Apr-20 13:33

The cant claim creditors the amount the can get back machine but not amount due to Mr. Has expaired and remaining all the partners are become indolvent.