A, B and C are partners in a firm. If D is admitted as a new partner, then:
A. Old firm is dissolved
B. Old firm and old partnership is dissolved
C. Old Partnership is reconsitituted
D. None of these
Answer:C
A, B and C are partners in a firm. If D is admitted as a new partner, then:
A. Old firm is dissolved B. Old firm and old partnership is dissolved C. Old Partnership is reconsitituted D. None of these