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Law · Q53

Indian Partnership Act

Graduate and Post Graduate · Law · question 53

Q53

The right to rescind the contract of partnership

A.
Is an absolute one and cannot be lost
B.
Is lost if the contract is not repudiated within a reasonable time of discovery of fraud
Answer
C.
Is lost if the contract is not repudiated within one year of discovery of fraud
D.
Is lost if the contract is not repudiated within 3 years of discovery of fraud

Answer: Option B

Solution

Answer: Option B
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