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Introduction to Death of Partner

Assertion :St...

Question

Assertion :Statement X: Partnership Firm is separate legal entity apart of its partners. Reason: Statement Y: A Partnership Firm can use the word "Limited" as a part of its name.

A

Both Statements are true

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B

Both Statements are false

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C

Statement X is true while Statement Y is false

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D

Statement Y is true while Statement X is false

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Solution

The correct option is B Both Statements are false
Option B is the correct answer.

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