Q551
Where on adjudication of a partner an insolvent, the firm is not dissolved remains in business
A.
The insolvent partner's estate is liable for the acts of the firm after the date of his insolvency
B.
The firm is liable for the acts of the insolvent partner
C.
Both (A) and (B)
D.
Neither (A) nor (B)
AnswerAnswer: Option D
Solution
Answer: Option D
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