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Commerce · Q837

Accounting

Graduate and Post Graduate · Commerce · question 837

Q837

A retiring partner continues to be liable for obligations incurred after his retirement

A.
if unpaid amount is transferred to his loan account
B.
if he does not give public notice
C.
if he starts a similar business elsewhere
Answer
D.
in all the situations till he survives

Answer: Option C

Solution

Answer: Option C
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