Mr. Singh is in ‘lighting’ business for the post 15 years. To help his friend, Mr Yadav, a beginner he projected himself as a partner before Mohd. Abdul, a whole sale dealer of fancy lights. Mohd. Abdul gave Mr. Yadav the stock without asking for payment and gave him credit limit of one month. Will Mr. Singh be liable to Md. Abdul if Mr. Yadav does not pay him on time ? Classify Mr. Singh’s role here along with an explanation
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8
Answer:
yes because he is a partner and once he got the stock the firm is liable to pay has it is now the liability of the firm and not the liability of Mr. Yadav.
Explanation:
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2
Answer: Yes
Explanation:
Because they both are engaged in Partnership Firm where both are liable to pay the creditors of the business.
Therefore,if Mr. Yadav doesn't pay the money on time,then Mr. Singh will be liable to pay the amount on time to Mohd. Abdul.
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