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Class 12 Accountancy Partnership Accounts - Basic Concepts Partnership DeedEasy

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Why is a dispute settlement clause kept in the deed?

Answer and explanation

Correct answer: To state method of resolving disputes

A dispute settlement clause gives a way to solve future conflicts. In exams treat it as a practical benefit of the deed.

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Dispute Settlement Partnership Deed Arbitration Partnership Accounts Basic Concepts Accountancy Class 12 Mcq

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