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Question
Complete the following sentence.
______ of a partner is a mode of reconstituting the firm.
Options
Admission
Retirement
Dissolution
None of these
MCQ
Fill in the Blanks
Solution
Admission of a partner is a mode of reconstituting the firm.
Explanation:
The admission of a partner is a method of reorganizing the firm because it terminates the previous agreement and replaces it with a new agreement between all of the partners.
shaalaa.com
Admission of a New Partner
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