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Law · Q318

Indian Partnership Act

Graduate and Post Graduate · Law · question 318

Q318

Under section 55(1) of the Indian Partnership Act, 1932, goodwill can be taken into account

A.
When there is a general dissolution of the firm
B.
When the representative of a partner claims his share in the assets of the firm
C.
Both (A) and (B)
Answer
D.
Only (A) and not (B)

Answer: Option C

Solution

Answer: Option C
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