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Law · Q558

Indian Partnership Act

Graduate and Post Graduate · Law · question 558

Q558

The continuing guarantee liable to be revoked under section 38 of the Indian Partnership Act, 1932, on the change in the constitution of the firm, must be the one

A.
Given to a firm
B.
Given to a third party in respect of transaction of a firm
C.
Either (A) or (B)
Answer
D.
Only (A) and not (B)

Answer: Option C

Solution

Answer: Option C
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