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प्रश्न
State Whether the following Statement is True or False:
Partnership firm has separate entity from its partners.
सत्य या असत्य
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उत्तर
The statement is false.
Explanation:
A partnership firm does not have a separate legal entity distinct from its partners under the Indian Partnership Act, 1932. The firm and its partners are considered closely connected, and the partners are personally liable for the firm's obligations.
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