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Under Section 17, after a change in the constitution of the firm, the mutual rights and duties of the partners:
AAre wholly extinguished
BMust be re-negotiated from scratch
CRemain the same as they were immediately before the change, as far as may be
DAre decided by the court
Answer & Solution
Correct answer: C. Remain the same as they were immediately before the change, as far as may be
Section 17 provides that, subject to contract, after a change in the firm the mutual rights and duties remain as they were immediately before the change, as far as may be.
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