Indian Partnership Act, 1932 Section 2 - Bare Act |
| State | Central Government |
| Year | 1932 |
| Section Title | Definitions |
In this Act, unless there is anything repugnant in the subject or context,X
(a) an "act of a firm" means any act or omission by all the partners, or by any partner or agent of the firm which gives rise to a right enforceable by or against the firm;
(b) "business" includes every trade, occupation and profession;
(c) "prescribed" means prescribed by rules made under this Act;
(d) "third party" used in relation to a firm or to a partner therein means any person who is not a partner in the firm;
and expressions used but not defined in this Act and defined in the Indian Contract Act, 1872 (9 of 1872), shall have the meanings assigned to them in that Act.