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CPT Chapter General Nature of Partnership

CA CPT Exam  

With Bharat Galani.Duration:4hrs 10min

{modal;rel=0|width=780|height=439|title=Features of Partnership}Features of Partnership{/modal}

General Nature of Partnership Duration (min:sec)
About Partnership  
{modal;rel=0|width=780|height=439|title=Overview of Partnership}Overview of Partnership{/modal} 03:50
{modal;rel=0|width=780|height=439|title=Index}Index{/modal} 01:39
{modal;rel=0|width=780|height=439|title=What is Partnership?}What is Partnership?{/modal} } 17:45
{modal;rel=0|width=780|height=439|title=Mutual Agency}Mutual Agency{/modal} 03:01
{modal;rel=0|width=780|height=439|title=Is it Partnership}Is it Partnership{/modal} 10:49
{modal;rel=0|width=780|height=439|title=Quiz}Quiz{/modal} 14:23
{modal;rel=0|width=780|height=439|title=Illegal Association}Illegal Association{/modal} 14:14
{modal;rel=0|width=780|height=439|title=Test of Partnership}Test of Partnership{/modal} 12:20
Partnership vs Other Organisation  
{modal;rel=0|width=780|height=439|title=Partnership vs Company}Partnership vs Company{/modal} 14:55
{modal;rel=0|width=780|height=439|title=vs HUF}vs HUF{/modal} 07:43
{modal;rel=0|width=780|height=439|title=vs Co-Ownership vs Club vs Association vs Joint Venture}vs Co-Ownership vs Club vs Association vs Joint Venture{/modal} 11:36
{modal;rel=0|width=780|height=439|title=Quiz}Quiz{/modal} 07:47
Nature of Partnership  
{modal;rel=0|width=780|height=439|title=Who can form Partnership}Who can form Partnership{/modal} 15:56
{modal;rel=0|width=780|height=439|title=Types of Partnership}Types of Partnership{/modal} 11:38
{modal;rel=0|width=780|height=439|title=Types of Partners}Types of Partners{/modal} 29:26
{modal;rel=0|width=780|height=439|title=Partner by Holding out}Partner by Holding out{/modal} 13:51
{modal;rel=0|width=780|height=439|title=Quiz}Quiz{/modal} 06:21
{modal;rel=0|width=780|height=439|title=Minor as Partner}Minor as Partner{/modal} 07:03
{modal;rel=0|width=780|height=439|title=Rights and Liabilities of Minor}Rights and Liabilities of Minor{/modal} 05:51
{modal;rel=0|width=780|height=439|title=Rights of Minor Attaining Majority}Rights of Minor Attaining Majority{/modal} 15:16
{modal;rel=0|width=780|height=439|title=Summary Minor Position on attaining Majority}Summary Minor Position on attaining Majority{/modal} 08:17
{modal;rel=0|width=780|height=439|title=Quiz}Quiz{/modal} 04:25
{modal;rel=0|width=780|height=439|title=Conclusion}Conclusion{/modal} 01:38
Total 04:10:37


General Nature of Partnership


What is Partnership?
Features of Partnership
True Test of Partnership
Partnership vs Other Organisation
Who can become a partner in a firm
Types of Partnership
Types of Partners
Minor’s position in Partnership


(Section 4)
“Partnership is the relation between persons who have agreed to share the profits of a business carried on by allor any one of them acting for all”

Features of Partnership

At least 2 persons
Existence of business
Sharing of Profits
Mutual Agency

Partners as agent of a firm

Mutual agency- Cardinal Principle / True test
Partner is Both principal & agent- not mere agent
Partner has Capacity to bind other partners by his act
Only for acts done related to business

Other forms of Organisation

Co Ownership
Joint Venture

Types of Partners

Active /Working/Ostensible
Partner in Profit Only
Sub Partner
Partner by Holding out
Partner by Estoppel
Secret Partner
Minor Partner

Partnership by Holding out

Someone holds out as partner
Represents himself or permits himself to be represented as a partner
(though he is not a partner)
Liable like a partner
Only the person to whom representation has been made – Enforce Liability
Fraudulent intention is not relevant

CPT Exam Exposure

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