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      Question

      The concept of relationship between partners is present

      in:
      A Partnership firm Correct Answer Incorrect Answer
      B LLP Correct Answer Incorrect Answer
      C Partnership firm and LLP Correct Answer Incorrect Answer
      D in LLP but limited to their contributions Correct Answer Incorrect Answer
      E in Partnership firm it is unlimited. Correct Answer Incorrect Answer

      Solution

      The concept of relationship is an integral part of a partnership. That can be found in a partnership firm and also in an LLP.

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