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Under section 37(2) of the Indian Partnership Act 1932 on exercise...

This question belongs to Law Indian Partnership Act
Indian Partnership Act
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Under section 37(2) of the Indian Partnership Act, 1932, on exercise of option to purchase the share of the outgoing partner under an agreement between the partners resulting in the right of the outgoing partner to receive the share of profits or interest on the unpaid capital to cease, such right of the outgoing partner

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Correct Answer: Option B
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