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Decision in Garner Vs. Murray

Decision in Garner Vs. Murray :

According to the decision in Garner v. Murray, in case of insolvency of a partner:

(a) first, the solvent partners should bring in cash equal to their respective shares of the loss on realisation, and

(b) then, the loss due to the insolvency of a partner should be divided among the other partners in the ratio of capitals then standing.

 

 

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