Do the remaining partners need to compensate retiring partner for the goodwill contribution made by him?

Yes

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Solution

The correct option is A
Yes

Yes. The remaining partners need to compensate the retiring partner for the goodwill contribution made by him.

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Similar questions

In what ratio does the outgoing partner be compensated by remaining partners for the goodwill contributed by him?

Who is liable to compensate for the goodwill in case of retirement of a partner?

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