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A key consequence of non-registration under Section 69 is that an unregistered firm:
ACannot file a suit against a third party to enforce a contractual right
BCannot exist in law
CPays double tax
DIs automatically dissolved
Answer & Solution
Correct answer: A. Cannot file a suit against a third party to enforce a contractual right
Section 69 bars an unregistered firm (and its partners shown as such) from suing a third party to enforce a right arising from a contract.
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