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On death of a partner, the firm gets for joint life policy taken for all
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Reconstitution of Partnership Firm: Retirement / Death of a Partner
Question
Updated
19 Aug 2026
On death of a partner, the firm gets for joint life policy taken for all partners.
A
Choose Your Answer
A
Policy amount
B
Surrender value
C
Policy amount of deceased partner
D
Surrender value of all partners
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