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Business Studies

Question

Retiring Partner may be discharged from liability to any third party for acts of Firm done before his retirement by ________.

A

an agreement made with such third party and the Partners of reconstituted Firm

B

implied from the course of dealing between the third party and reconstituted Firm after he had knowledge of the retirement

C

either (a) or (b)

D

both (a) and (b).

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Solution

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Correct option is C. either (a) or (b)

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