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Introduction to Death of Partner

The maximum n...

Question

The maximum number of persons in a partnership firm carrying on the banking business, should not exceed _____.

A

5

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B

7

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C

10

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D

11

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Solution

The correct option is C 10
"Two or more persons" is one of the essential feature of partnership. The minimum number of partners in a firm are two. If a firm is engaged in the banking business, it can have a maximum of ten partners.

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