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Law · Q205

Indian Partnership Act

Graduate and Post Graduate · Law · question 205

Q205

The liability of a person introduced in the partnership, under section 31(2) of the Act

A.
Is for pre-existing debts of the firm
B.
Commences from the date of his admission
Answer
C.
Depends on the agreement between the partners
D.
Is for the pre-existing debts as well as the one contracted after his admission

Answer: Option B

Solution

Answer: Option B
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