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Commerce · Q1057

Accounting

Graduate and Post Graduate · Commerce · question 1057

Q1057

When a partner is guilty of fraud or negligence within the scope of his authority:

A.
Only he will be liable for his act
B.
He can be expelled
C.
All partners are liable if there is an agreement to this effect
D.
All partners are liable even if there is no such agreement
Answer

Answer: Option D

Solution

Answer: Option D
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