Multiple choice

Death of a partner has the effect of

  1. dissolving the firm

  2. continuance of the business of the firm

  3. his heirs joining the firm

  4. computation of profits up to the date of death

  5. All of above

Reveal answer Fill a bubble to check yourself
A Correct answer
Explanation

Option (1) is correct: If any partner dies, it results in dissolution of the firm.

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