[Solved] Where the maximum number of partners in a firm carrying on banking business exceeds ten and in any other firm exceeds twenty, then the partnership becomes a:

Q.	Where the maximum number of partners in a firm carrying on banking business exceeds ten and in any other firm exceeds twenty, then the partnership becomes a:
A.	Unlawful partnership
B.	Illegal association
C.	Limited liability partnership
D.	Large partnership
Answer» B. Illegal association

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Fundamentals of Laws and Ethics

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