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At the time of death of a partner, firm gets ………….. from the insurance company against the Joint Life Policy taken severely for each of the partner. 
  • a)
    Policy Amount
  • b)
    Surrender Value 
  • c)
    Policy Value for the dead partner and Surrender Value for the rest
  • d)
    Surrender Value for all the partners
Correct answer is option 'C'. Can you explain this answer?
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At the time of death of a partner, firm gets ………….. from the insurance company against the Joint Life Policy taken severely for each of the partner.a)Policy Amountb)Surrender Valuec)Policy Value for the dead partner and Surrender Value for the restd)Surrender Value for all the partnersCorrect answer is option 'C'. Can you explain this answer?
Question Description
At the time of death of a partner, firm gets ………….. from the insurance company against the Joint Life Policy taken severely for each of the partner.a)Policy Amountb)Surrender Valuec)Policy Value for the dead partner and Surrender Value for the restd)Surrender Value for all the partnersCorrect answer is option 'C'. Can you explain this answer? for CA Foundation 2024 is part of CA Foundation preparation. The Question and answers have been prepared according to the CA Foundation exam syllabus. Information about At the time of death of a partner, firm gets ………….. from the insurance company against the Joint Life Policy taken severely for each of the partner.a)Policy Amountb)Surrender Valuec)Policy Value for the dead partner and Surrender Value for the restd)Surrender Value for all the partnersCorrect answer is option 'C'. Can you explain this answer? covers all topics & solutions for CA Foundation 2024 Exam. Find important definitions, questions, meanings, examples, exercises and tests below for At the time of death of a partner, firm gets ………….. from the insurance company against the Joint Life Policy taken severely for each of the partner.a)Policy Amountb)Surrender Valuec)Policy Value for the dead partner and Surrender Value for the restd)Surrender Value for all the partnersCorrect answer is option 'C'. Can you explain this answer?.
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