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प्रश्न
State Whether the following Statement is True or False:
The liability of partners is limited.
चूक किंवा बरोबर
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उत्तर
The statement is false.
Explanation:
In a traditional partnership firm under the Indian Partnership Act, 1932, the liability of partners is unlimited. Each partner is jointly and severally liable for the debts and obligations of the firm.
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