A change in constitution of a firm takes place when ___________.
A. A partner is adjudicated as an insolvent
B. A partner transfer his interest
C. Both (a) & (b) true
D. None of these
Answer:A
A change in constitution of a firm takes place when ___________.
A. A partner is adjudicated as an insolvent B. A partner transfer his interest C. Both (a) & (b) true D. None of these