In case a partnership is rescinded on account of fraud and misrepresentation, the aggrieved partner has right to ________________.

Lien on surplus assets

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Right to rank as a creditor

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Be indemnified

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All the three

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Solution

The correct option is C All the three
In case a partnership is rescinded i.e. cancel, on account of fraud and misrepresentation, the aggrieved partner has right to lien on surplus assets, right to rank as a creditor and to indemnified against any loss due to cancellation of partnership.

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In case a partnership is rescinded on account of fraud and misrepresentation, the aggrieved partner has right to ________________.

The correct option is C All the threeIn case a partnership is rescinded i.e. cancel, on account of fraud and misrepresentation, the aggrieved partner has right to lien on surplus assets, right to rank as a creditor and to indemnified against any loss due to cancellation of partnership.

The correct option is C All the three
In case a partnership is rescinded i.e. cancel, on account of fraud and misrepresentation, the aggrieved partner has right to lien on surplus assets, right to rank as a creditor and to indemnified against any loss due to cancellation of partnership.