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प्रश्न
State Whether the following Statement is True or False:
The liability of each partner is limited to the capital contributed by him.
चूक किंवा बरोबर
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उत्तर
The statement is false.
Explanation:
In a partnership firm, the liability of each partner is unlimited. A partner is liable for the debts and obligations of the firm beyond the amount of capital contributed by him.
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