Section 27: Liability of firm for misapplication by partners.

Q: What does Section 27 of The Indian Partnership Act, 1932 (IPA) deal with?

Section 27 IPA pertains to "Liability of firm for misapplication by partners.". It is part of the The Indian Partnership Act, 1932, a legislation enacted by the Parliament of India. Section 27 of The Indian Partnership Act, 1932 (IPA) governs liability of firm for misapplication by partners. As verified on 19 May 2026.

Q: Is Section 27 IPA still in force?

Yes, Section 27 of the The Indian Partnership Act, 1932 is currently in force across the Republic of India.

Q: What is धारा 27 IPA?

धारा 27 IPA is the Devanagari Hindi reference for Section 27 of the The Indian Partnership Act, 1932. Section 27 of The Indian Partnership Act, 1932 (IPA) governs liability of firm for misapplication by partners. As verified on 19 May 2026.

Q: What is Dhara 27 IPA?

Dhara 27 IPA is the Roman Hindi reference for Section 27 of the The Indian Partnership Act, 1932. "Dhara" means "Section" in Hindi. Section 27 of The Indian Partnership Act, 1932 (IPA) governs liability of firm for misapplication by partners. As verified on 19 May 2026.

Q: How to cite Section 27 of The Indian Partnership Act, 1932?

Cite as: "Section 27, The Indian Partnership Act, 1932 (IPA)" in legal briefs. For academic writing, use the BlueBook format: The Indian Partnership Act, 1932, § 27 (India).

Law on Tips Editorial Board

Where—

(a) a partner acting within his apparent authority receives money or property from a third party and misapplies it, or

(b) a firm in the course of its business receives money or property from a third party, and the money or property is misapplied by any of the partners while it is in the custody of the firm,

the firm is liable to make good the loss.