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Law · Q370

Indian Partnership Act

Graduate and Post Graduate · Law · question 370

Q370

Section 15 of the Indian Partnership Act provides that

A.
The property of the firm shall be held and used by the partners exclusively for the purposes of the business of the firm
Answer
B.
The property of the firm can be used by the partners for any of his/their personal use
C.
The property of the firm can be used by the partners for the personal use of all the partners
D.
Both (A) and (C)

Answer: Option A

Solution

Answer: Option A
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