Definitions

In this Act, unless there is anything repugnant in the subject or context - 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 firms" and e) expression used but not defined in this Act and defined in the Indian