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Law · Q163

Indian Partnership Act

Graduate and Post Graduate · Law · question 163

Q163

Section 38 of the Indian Partnership Act, 1932 provides for

A.
Continuation of continuing guarantee by change in the constitution of the firm
B.
Revocation of the continuing guarantee by change in the constitution of the firm
Answer
C.
Both (A) and (B)
D.
Alteration/modification of the continuing guarantee according to the change in the constitution of the firm

Answer: Option B

Solution

Answer: Option B
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