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Law · Q33

Indian Partnership Act

Graduate and Post Graduate · Law · question 33

Q33

Where a partner becomes insolvent he ceases to be the partner in the firm

A.
On the date on which order of adjudication in this regard is passed by a court of law
Answer
B.
On the date which is agreed by him with other partners for declaring him insolvent
C.
Either (A) or (B)
D.
Both (A) and (B)

Answer: Option A

Solution

Answer: Option A
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