Question

M,N and S are partners in a firm having joint life policy of ₹10,00,000 on which premium has been paid by a firm. M dies and his legal representatives want the whole amount of the policy where as N & S want to distribute the amount among all the partners.
(a) M's representatives is correct
(b) N & S are correct
(c) All are wrong
(d) Insurance company will decide

Answer 1

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Answer 2

Heya User!

Option B

N and S are correct.