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Law · Q555

Indian Partnership Act

Graduate and Post Graduate · Law · question 555

Q555

On the dissolution of the partnership

A.
The interest on capital ceases run whereas interest of advances keeping running upto the date of payment
Answer
B.
The interest on capital and the interest on advances cease to run
C.
The interest on capital keeps running upto the date of payment whereas interest on ad vances cease to run
D.
The interest on capital as well as on advances keeps running upto the date of payment

Answer: Option A

Solution

Answer: Option A
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