Where a partner in a firm is adjudicated as insolvent ___________.
A. The firm is automatically dissolved
B. The firm is not automatically dissolved
C. The firm is also deemed insolvent
D. The firm becomes an illegal association.
Answer:B
Where a partner in a firm is adjudicated as insolvent ___________.
A. The firm is automatically dissolved B. The firm is not automatically dissolved C. The firm is also deemed insolvent D. The firm becomes an illegal association.