Q304
Where a partnership firm is constituted a fixed period and after the expiration that term the firm continues to carry business without any agreement
A.
The partnership stands extended till the new agreement is made
B.
The partnership becomes the partnership at will
AnswerC.
The partnership becomes illegal
D.
The partnership stands dissolved on the date of the expiry of the term and no partnership can be said to be in existence
Answer: Option B
Solution
Answer: Option B
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