X paid Y and Z a premium of Rs. 20,000 on entering into partnership for 10...

 

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X paid Y and Z a premium of Rs. 20,000 on entering into partnership for 10 year and the firm is dissolved at the end of 8 years. State Whether X is entitled to repayment of proportionate premium in each of the following alternative cases: Case (a) If the dissolution is due to the death of Y Case (b): If the dissolution is due to X s own misconduct Case (C): If the dissolution is in pursuance of an agreement which contains no provision for return of the premium Case (d): If the dissolution is due to Y's misconduct. Case (e): If the dissolution is due to the insolvency of Y. X paid Y and Z a premium of Rs. 20,000 on entering into partnership for 10 year and the firm is dissolved at the end of 8 years. State Whether X is entitled to repayment of proportionate premium in each of the following alternative cases: Case (a) If the dissolution is due to the death of Y Case (b): If the dissolution is due to X s own misconduct Case (C): If the dissolution is in pursuance of an agreement which contains no provision for return of the premium Case (d): If the dissolution is due to Y's misconduct. Case (e): If the dissolution is due to the insolvency of Y.

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