Section 35 of the Indian Partnership Act, 1932 deals with:
Section 35 is headed "Liability of estate of deceased partner": where the firm is not dissolved by a partner's death, his estate "is not liable for any act of the firm done…
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Section 35 of the Indian Partnership Act, 1932 deals with:
Answer and explanation
Correct answer A
Section 35 is headed "Liability of estate of deceased partner": where the firm is not dissolved by a partner's death, his estate "is not liable for any act of the firm done after his death". Insolvency is dealt with in s.34, an outgoing partner's right to compete in s.36 and revocation of continuing guarantees in s.38.
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