CA CPT Model Test Paper 1 with solutions for online practice

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Question : 90 of 201

Marks: +1, -0

A & B become partners for 16 years. A pays B a premium of Rs. 5,000/-. At the end of 8 years there is dispute between A & B and they declare a dissolution.

A can get back a reasonable part of the premium
A can get back entire amount of the premium paid by him to B.
A cannot get back any amount of the premium paid by him
A can get back Rs. 2,500/- from B.

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