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Commerce · Q1381

Accounting

Graduate and Post Graduate · Commerce · question 1381

Q1381

A, B, C and D are equal partners. A, B and D die together in a plane crash. The accident results in:

A.
dissolution of partnership
B.
dissolution of firm
C.
both dissolution of partnership and firm
Answer
D.
neither dissolution of partnership nor firm

Answer: Option C

Solution

Answer: Option C
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