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Law · Q183

Indian Partnership Act

Graduate and Post Graduate · Law · question 183

Q183

The status of a partner, making advances to the firm for its business, over and above the capital subscribed, is that of

A.
A partner of the firm
B.
A creditor of the firm
C.
An employee of the firm
D.
Both (A) and (B)
Answer

Answer: Option D

Solution

Answer: Option D
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