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      Question

      When partnership firm can be dissolved by agreement?

      A By court Correct Answer Incorrect Answer
      B When some dispute arises Correct Answer Incorrect Answer
      C Death of partners Correct Answer Incorrect Answer
      D With consent of all the partners Correct Answer Incorrect Answer

      Solution

      Explanation: Section 40. Dissolution by agreementโ€”A firm may be dissolved with the consent of all the partners or in accordance with a contract between the partners.

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