MCQOPTIONS
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| 1. |
If any event happens which makes it unlawful for the business of the firm to be carried on or for the partners to carry it on it partnership, then |
| A. | Firm is compulsorily dissolved |
| B. | Partnership is reconstituted |
| C. | Firm becomes an illegal association |
| D. | Firm is declared insolvent |
| Answer» B. Partnership is reconstituted | |