Doctrine of Holding Out Quiz
5 Questions
3 Views

Choose a study mode

Play Quiz
Study Flashcards
Spaced Repetition
Chat to lesson

Podcast

Play an AI-generated podcast conversation about this lesson

Questions and Answers

What is the concept of 'Holding Out' based on?

  • The principle of vicarious liability
  • The principle of estoppel (correct)
  • The principle of statutory interpretation
  • The principle of strict liability
  • In simple terms, what does 'Holding Out' refer to?

  • Denying the existence of a firm
  • Acting as a silent partner in a firm
  • Representing or knowingly permitting others to believe in authority that one does not possess (correct)
  • Exercising strict liability in business transactions
  • Under which sections of the Indian Partnership Act, 1932 and Limited Liability Partnership Act, 2008 is the concept of 'Holding Out' provided?

  • Section 10 and section 11
  • Section 28 and section 29 (correct)
  • Section 5 and section 6
  • Section 15 and section 16
  • What does estoppel prevent a person from doing?

    <p>Denying a statement he made or existence of facts that he makes another person believe</p> Signup and view all the answers

    If a person knowingly permits others to believe that he is a partner of a particular firm, what is he estopped from doing?

    <p>Denying this representation later on</p> Signup and view all the answers

    More Like This

    Doctrine of Laches Flashcards
    3 questions

    Doctrine of Laches Flashcards

    TenaciousFeynman9892 avatar
    TenaciousFeynman9892
    Law Doctrine of Precedent Exercise
    24 questions
    Use Quizgecko on...
    Browser
    Browser