Examveda
Examveda

Under section 51 of the Indian Partnership Act, 1932, on premature dissolution of a firm, the partner having paid premium for admission

A. Is entitled to repayment of the entire premium

B. Is entitled repayment of a reasonable part of the premium

C. Is not entitled for any refund of premium

D. Either (A) or (B)

Answer: Option D


This Question Belongs to Law >> Indian Partnership Act

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