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Law · Q326

Indian Partnership Act

Graduate and Post Graduate · Law · question 326

Q326

When creditors continues to deal with the reconstituted firm after he is informed of the retirement of a partner and the agreement of release, the liability of the retiring partner towards the creditors

A.
Comes to an end
Answer
B.
Still remains
C.
Partly comes to an end and partly remains
D.
Either (A) or (C)

Answer: Option A

Solution

Answer: Option A
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