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If the deed states that the firm will exist only for a specific project, what is indicated when the project is completed?

Answer and explanation

Correct answer: Partnership for particular venture may end

A partnership formed for a particular venture may end when that work is completed. Watch the duration or objective clause.

Related tags

Particular VentureDissolutionDeedPartnership DeedPartnership Accounts Basic ConceptsAccountancyClass 12 Mcq

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