Question

All the partners decide to dissolve the firm on 1st April, 2020. Y, a partner, demands that his

loan of 80,000 be paid before payment of loan by Mrs. X of 20,000. But X, another partner,

demands that loan by Mrs. X should be paid before repayment of loan by Y. Who is correct

and why?​

Answer 1

Answer:

X is correct.

Explanation:

Because he have right to decide whose loan should pay first by him.