Death of a partner has the effect of:
A. Dissolution of the firm
B. Continuance of the business of the firm
C. His legal heir joining the firm
D. Shutting down the business for 15 days.
Answer:B
Death of a partner has the effect of:
A. Dissolution of the firm B. Continuance of the business of the firm C. His legal heir joining the firm D. Shutting down the business for 15 days.