Definitions
2. In this Act, unless there is anything repugnant in the subject or context,—
| (a) |
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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) |
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"business" includes every trade, occupation and profession; |
| (c) |
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"prescribed" means prescribed by rules made under this Act; |
| (d) |
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"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 |
| (e) |
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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. |
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