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Law · Q501

Indian Partnership Act

Graduate and Post Graduate · Law · question 501

Q501

The partners A, B and C decided to carryon, the business of 'Coal Manufacturing' for a period of five years. However, they continued their partnership business inspite of the completion of 5 years. They

A.
Can continue to run the same partnership
Answer
B.
Should dissolve the partnership as the agreed period has expired
C.
Should take permission from the court to continue
D.
None of the above

Answer: Option A

Solution

Answer: Option A
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