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A case (1904) cited in the determination of the dissolution of a partnership. ... In the event of the insolvency of a partner any losses should be shared in the ratio of the last agreed capital balances before the dissolution took place. This is known as the Garner v Murray rule.
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A case (1904) cited in the determination of the dissolution of a partnership. ... In the event of the insolvency of a partner any losses should be shared in the ratio of the last agreed capital balances before the dissolution took place. This is known as the Garner v Murray rule.
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