A,B,C are partners on death of B,A and C continue the firm’s business. This is a case of ……
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Question 2 of 25
2. Question
1 points
In which of the following case the dissolution of partnership takes place even when there is no dissolution of the firm?
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Question 3 of 25
3. Question
1 points
In which of the following case the dissolution of partnership takes place even when there is no dissolution of the firm?
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Question 4 of 25
4. Question
1 points
A firm may be dissolved where …. that it shall be dissolved.
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Question 5 of 25
5. Question
1 points
A partnership firm with one partner can continue.
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Question 6 of 25
6. Question
1 points
If all partners, or all but one partner, of the firm are declared insolvent…….
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Question 7 of 25
7. Question
1 points
A firms is compulsorily dissolved if …..
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Question 8 of 25
8. Question
1 points
A, B and C are in partnership A and C are adjudicated insolvent, while B wants to continue the firm.
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Question 9 of 25
9. Question
1 points
Where the partnership is at will, the firm may be dissolved at any time, partner giving notice in writing of his intention to dissolve the firm,to
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Question 10 of 25
10. Question
1 points
The Court may dissolve a firm if a partner …….. commits breach of agreements relating to management of the affairs of the firm or the conduct of the firm’s business.
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Question 11 of 25
11. Question
1 points
Firm may be dissolved-
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Question 12 of 25
12. Question
1 points
Firm is automatically and compulsory dissolved, if ……
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Question 13 of 25
13. Question
1 points
In which of the following situations the firm will NOT be compulsorily dissolved?
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Question 14 of 25
14. Question
1 points
If at the time of admission partner pays premium then on dissolution, he is entitled to demand the return of proportion of the premium if the partnership was for a fixed term and was dissolved before the expiry of that term, unless dissolution was caused by-
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Question 15 of 25
15. Question
1 points
In settling the accounts of a firm after dissolution, losses, including deficiencies of capital, shall be paid-
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Question 16 of 25
16. Question
1 points
Upon dissolution the firm’s assets shall be first applied in ……..
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Question 17 of 25
17. Question
1 points
Upon dissolution, the firm’s assets shall be first applied in paying the debts of the firm to third parties , shall thereafter be applied in ……
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Question 18 of 25
18. Question
1 points
Upon dissolution, the firm’s assets shall be first applied in paying the debts of the firm to third parties , shall thereafter be applied in payment of partners loan shall be applied in …….
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Question 19 of 25
19. Question
1 points
Upon dissolution, the firm’s assets shall be first applied in paying the debts of the firm to third parties , shall thereafter be applied in payment of partners loan shall then be applied in payment of partners capital and still surplus remains it should used for …..
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Question 20 of 25
20. Question
1 points
The private property of a partner should be used to …..
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Question 21 of 25
21. Question
1 points
Firm’s assets should be first used to pay –
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Question 22 of 25
22. Question
1 points
Which of the following is prepared only at the time of dissolution of them?
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Question 23 of 25
23. Question
1 points
……… rule is applicable at the time of any partners becoming insolvent.
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Question 24 of 25
24. Question
1 points
When the partner capital accounts are fixed, then as per the decision in the Garner Vs Murray case, any loss arising due to the capital deficiency in the insolvent partner capital accounts is to be borne solvent partners in the ratio of …….
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Question 25 of 25
25. Question
1 points
In which of the following case Garner vs Murray rule is NOT applicable?
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