Question:
The effect of insolvency of a partner in the absence of a contract to the contrary, is that
The effect of insolvency of a partner in the absence of a contract to the contrary, is that
Updated On: Aug 4, 2024
- The firm is also deemed insolvent
- The firm is reconstituted
- The firm is dissolved
- The firm is not automatically dissolved
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The Correct Option is C
Solution and Explanation
The correct option is (C): The firm is dissolved
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