Q625
Under section 51 of the Indian Partnership Act, 1932, on premature dissolution of a firm, the partner having paid premium for admission
A.
Is entitled to repayment of the entire premium
B.
Is entitled repayment of a reasonable part of the premium
C.
Is not entitled for any refund of premium
D.
Either (A) or (B)
AnswerAnswer: Option D
Solution
Answer: Option D
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