Q546
Where the money received from a third party by the firm, in the ordinary course of its business, is misapplied by one of the partners to his own use, then the
A.
Defaulting partner alone is liable for the same
B.
Third is liable for the same
C.
Firm is liable for the same
AnswerD.
Firm is not liable for the same
Answer: Option C
Solution
Answer: Option C
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