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Ralph,a Partner,doing Partnership Along with Gilbert and Vicky,during the Course

Question 18

Multiple Choice

Ralph,a partner,doing partnership along with Gilbert and Vicky,during the course of the partnership,pays a sum of $4,000 to one of the suppliers out of his personal account.The partnership firm will have to pay back this amount to Ralph as per the partner's right to _____.


A) profits and losses
B) indemnification
C) compensation
D) management
E) derivative action

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