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Question

After dissolution partners have __ .

A A right to get surplous distributed among partners. Correct Answer Incorrect Answer
B Right to have property of the firm applied to debts and liabilities. Correct Answer Incorrect Answer
C A right to get surplous distributed among representatives of partners. Correct Answer Incorrect Answer
D A and B. Correct Answer Incorrect Answer
E A, B and C. Correct Answer Incorrect Answer

Solution

S. 46 RIGHT OF PARTNERS TO HAVE BUSINESS WOUND UP AFTER DISSOLUTION.  On the dissolution of a firm every partner or his representative is entitled, as against all the other partners or their representatives, to have the property of the firm applied in payment of the debts and liabilities of the firm, and to have the surplus distributed among the partners or which representatives according to their rights.

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