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If the deed prohibits opening a new branch without consent of all partners how will a dispute about branch expenses be settled?

Answer and explanation

Correct answer: On the consent condition stated in the deed

The consent condition in the deed decides whether the expense was authorized. Unauthorized expense may be charged to the concerned partner.

Related tags

Branch ExpenseAuthorizationDeedPartnership DeedPartnership Accounts Basic ConceptsAccountancyClass 12 Mcq

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