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Law · Q92

Indian Partnership Act

Graduate and Post Graduate · Law · question 92

Q92

Under section 34 of the Indian Partnership Act, 1932, on adjudication of a partner as insolvent, the partnership firm

A.
Stands dissolved automatically
B.
Does not dissolve at all
C.
May or may not dissolve depending on the contract between the partners
Answer
D.
Only (A) and not (B) or (C)

Answer: Option C

Solution

Answer: Option C
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