On the death of a sole proprietor, his heirs automatically become the partners of old firm. The…
The statement is "False": heirs of a deceased sole proprietor do not automatically become partners, since partnership arises only from a contract (ss.4 and 5) requiring…
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On the death of a sole proprietor, his heirs automatically become the partners of old firm. The statement is
Answer and explanation
Correct answer B
The statement is "False": heirs of a deceased sole proprietor do not automatically become partners, since partnership arises only from a contract (ss.4 and 5) requiring agreement.
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