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A partnership firm is not registered. The firm lent ₹ 50,000 to a customer, but the customer failed to repay it. Can the firm take legal action against the customer? - Commercial Applications

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Question

A partnership firm is not registered. The firm lent ₹ 50,000 to a customer, but the customer failed to repay it. Can the firm take legal action against the customer?

Options

  • Yes, as registration is optional.

  • No, because the firm is not registered.

  • Yes, if the partners agree unanimously.

  • No, unless the firm gets registered before filing the case.

MCQ
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Solution

No, because the firm is not registered.

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Chapter 3: Ownership Structures - Partnership - EXERCISES [Page 40]

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C. B. Gupta Commercial Applications [English] Class 9 ICSE
Chapter 3 Ownership Structures - Partnership
EXERCISES | Q I. 18. | Page 40
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