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प्रश्न
State whether the following statements is true or false :
Retirement of a partner leads to dissolution of the firm unless otherwise agreed upon.
विकल्प
True
False
MCQ
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उत्तर
True
Explanation: The above statement is true, especially where there are only two partners in a firm and one of them retires. In order to continue the partnership, the firm needs to admit a new partner. Otherwise, the firm will be dissolved.
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