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Is a sleeping* partner liable to the acts of other partners?

  • Post category:Accountancy
  • Reading time:1 mins read

SOLUTION

Yes, sleeping partner is liable to the acts of other partners.


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Previous PostState the provisions of Indian Partnership Act regarding the payment of remuneration to a partner for the services rendered.
Next PostIn the absence of partnership deed, what is the ratio in which the profits of a firm are divided among the partners?

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