📢 Too many exams? Don’t know which one suits you best? Book Your Free Expert 👉 call Now!
  • google app store apple app store
    • ✖

      Question

      Which of the following is a valid mode of dissolution

      of a Partnership?
      A By notice Correct Answer Incorrect Answer
      B By expiry of fixed term. Correct Answer Incorrect Answer
      C By death of a partner Correct Answer Incorrect Answer
      D A, B and C. Correct Answer Incorrect Answer

      Solution

        S.42 DISSOLUTION ON THE HAPPENING OF CERTAIN CONTINGENCIES. Subject to contract between the partners a firm is dissolved (a) if constituted for a fixed term, by the expiry of that term; (b) if constituted to carry out one or more adventures or undertakings, by the completion thereof; (c) by the death of a partner; and (d) by the adjudication of a partner as an insolvent.

      Practice Next
      More Administrative Interpretation and Maxims Questions
      ask-question