Examveda
Examveda

A partner who has paid premium for admission into the partnership, in the premature dissolution of the firm, under section 51 of the Indian Partnership Act, 1932, is not entitled to refund of the premium if the dissolution is occasioned by

A. His own misconduct

B. Agreement between the partners, which is silent about the refund of the premium

C. Either (A) or (B)

D. Only (A) and not (B)

Answer: Option C


This Question Belongs to Law >> Indian Partnership Act

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