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State the two circumstances underwhich Rule of Garner vs. Murraycan not be applied. State the basicpresumption inMaximum Loss Method andProportionate Capital Method ofPiecemeal Distribution among thepartners. When is it equitable todistribute cash among the partnersin their profit sharing ratio withoutfollowing Maximum Loss Method/Proportionate Capital Methodof Piecemeal Distribution amongthe partners ?4 |
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