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Which case established the rule that solvent partners must bear the deficiency of an insolvent partner in the ratio of their capitals?
  • a)
    Salomon v. Salomon & Co. Ltd
  • b)
    Garner v. Murray
  • c)
    Foss v. Harbottle
  • d)
    Ashbury Railway Carriage & Iron Co. Ltd v. Riche
Correct answer is option 'B'. Can you explain this answer?
Most Upvoted Answer
Which case established the rule that solvent partners must bear the de...
Garner v. Murray established that the deficiency of an insolvent partner should be borne by the solvent partners in the ratio of their capitals at the date of dissolution.
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Which case established the rule that solvent partners must bear the deficiency of an insolvent partner in the ratio of their capitals?a)Salomon v. Salomon & Co. Ltdb)Garner v. Murrayc)Foss v. Harbottled)Ashbury Railway Carriage & Iron Co. Ltd v. RicheCorrect answer is option 'B'. Can you explain this answer?
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Which case established the rule that solvent partners must bear the deficiency of an insolvent partner in the ratio of their capitals?a)Salomon v. Salomon & Co. Ltdb)Garner v. Murrayc)Foss v. Harbottled)Ashbury Railway Carriage & Iron Co. Ltd v. RicheCorrect answer is option 'B'. Can you explain this answer? for B Com 2024 is part of B Com preparation. The Question and answers have been prepared according to the B Com exam syllabus. Information about Which case established the rule that solvent partners must bear the deficiency of an insolvent partner in the ratio of their capitals?a)Salomon v. Salomon & Co. Ltdb)Garner v. Murrayc)Foss v. Harbottled)Ashbury Railway Carriage & Iron Co. Ltd v. RicheCorrect answer is option 'B'. Can you explain this answer? covers all topics & solutions for B Com 2024 Exam. Find important definitions, questions, meanings, examples, exercises and tests below for Which case established the rule that solvent partners must bear the deficiency of an insolvent partner in the ratio of their capitals?a)Salomon v. Salomon & Co. Ltdb)Garner v. Murrayc)Foss v. Harbottled)Ashbury Railway Carriage & Iron Co. Ltd v. RicheCorrect answer is option 'B'. Can you explain this answer?.
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