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Dissolution of Partnership firm - Other TopicsExtract A Firm is registered under Indian Partnership Act consisting of two partners. If one of partners expire and out of four legal heirs of deceased partner , one legal heir with written consent of other three legal heirs , becomes partner of said firm from the date of death of deceased partner. A) Will above be treated as dissolution of firm or continuation of firm ? Please support your reply with case laws B) Can any debtor deny to pay debt on the ground that firm have been dissolved on death of one of partners?
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