Question

Ankit, Amit and Anil were partners in a firm with equal profit sharing ratio. The firm was

engaged in the business of trading FMCG goods. Now, as Amit is not keeping good health, he

retires from the firm after the consent of Ankit and Anil but does not give a public notice of it.

Thereafter, the firm borrows Rs. 6,00,000 from Mr. Sahukar. Mr. Sahukar is able to recover only

Rs. 4,00,000 from Ankit and Anil. Can Mr. Sahukar hold Amit liable for the balance Rs.

2,00,000 if (i) Amit is an Active partner or (ii) Amit is a Dormant partner.
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Answer 1

Explanation:

answer is option first....option (I)