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Any change in the relationship of existing partners which results at an end of the existing agreement and enforces making of a new agreement is called: -

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Question

Any change in the relationship of existing partners which results at an end of the existing agreement and enforces making of a new agreement is called:

Options

  • Revaluation of partnership

  • Reconstitution of partnership

  • Realisation of partnership

  • None of the above

MCQ

Solution

Reconstitution of partnership

shaalaa.com
Modes of Reconstitution of a Partnership Firm
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