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प्रश्न
What is the status of the firm upon the dissolution of partnership?
लघु उत्तर
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उत्तर
In a partnership dissolution, the business itself does not necessarily shut down. Instead, the existing agreement between partners comes to an end and is replaced by a new one. The firm continues its operations under the new terms. Therefore, dissolution of a partnership does not always lead to the dissolution of the partnership firm.
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