(a) Deepa, Guddi and Vani are partners in a firm sharing profits and losses in the ratio of 3: 2: 1. Deepa wants to transfer half of her share in…

Deepa, Guddi and Vani are partners in a firm sharing profits and losses in the ratio of $\displaystyle 3$ : $\displaystyle 2$ : 1. Deepa wants to transfer half of her share in favour of her son Deepak without the consent of Guddi and Vani. Can Deepa transfer her share? Give reason in support of your answer. State the feature of partnership highlighted in the above case.

Aruna, passionate about baking, opened a bakery shop. She borrowed ₹ $\displaystyle 50,000$ from her father and took a loan of ₹ $\displaystyle 1,00,000$ from a bank to start the business. To attract customers, she set the prices too low. Later on she noticed that the revenue earned by her was not enough to even cover the costs. When the loan amount became due, she was not in a position to pay. The bank recovered the loan from Aruna’s personal assets, including her savings and property.

Can Aruna’s personal property be called upon to pay her business debts? Give reason in support of your answer. State the feature of sole proprietorship highlighted in the above case.