Answer-Perpetual succession exists:

The Concept of perpetual succession is an exclusive feature of companies and is also found in an LLP. As, the concept of LLP has some features like that of a company, for ex. Perpetual succession, common seal, legal personality etc.

Question

Perpetual succession exists:

A in an LLP

B in a Partnership firm

C in an LLP as well as a Partnership firm

D in a company and an LLP

E in a company, an LLP and also in some cases with a partnership firm.

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Perpetual succession exists:

Solution