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Business Studies

Features, Merits & Limitations of Partnership

The estate of...

Question

The estate of a deceased partner is liable for any act of the firm done after his death.

A

True

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B

Partly true

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C

False

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D

None of the above

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Solution

The correct option is C False
The given statement"etstate of a deceased partner is liable for any act of the firm done after his death" is false. The statement is false because once the partner has died it's deed with the firm is terminated and he is not liable to any of future dues of the firm.

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