Question

At the time of retirement of a partner, firm gets ___ from the insurance company against the joint life Policy taken jointly for all the partners. (a) Policy Amount. (b) Surrender Value (c) Policy Value for the retiring partner and surrender Value for the rest. (d) Surrender value for all the partners.

Answer 1

Policy amount company against the joint life for all the parteners. The answer is policy amount.

Hope this helps you....

Answer 2

A) policy amount is u r answer