Q228
Where a partner in a firm is adjudicated an insolvent, the said partner
A.
Ceases to be a partner in the firm
AnswerB.
Continues to be a partner and his status is that of a retired partner
C.
Continues to be a partner and his status is that of a dormant partner
D.
Either (A) or (C)
Answer: Option A
Solution
Answer: Option A
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