Question

Choose the correct answers from the alternatives given.
An incoming partner is liable for all the acts of the firm has done ________.

• A. Before his admission
• B. After his admission
• C. After his retirement
• D. None of these

Answer 1

The correct option is B After his admission

Every partner is liable for all the acts of the firm done while he is a partner. It is clear that as a general rule the liability of an incoming partner begins from the date of his joining the field.

Nothing can prevent a partner from agreeing to be liable for the acts done before his admission. It the partner makes such an agreement with his co-partners, the creditors can make him liable if they can show the incoming partner had agreed with them expressly or impliedly , for being liable towards them for the acts done before admission.