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      Question

      Which of the following is not a ground for dissolution

      of a firm by the court?
      A Insanity of a partner Correct Answer Incorrect Answer
      B Permanent incapacity of a partner Correct Answer Incorrect Answer
      C Expiry of the partnership period Correct Answer Incorrect Answer
      D Misconduct of a partner Correct Answer Incorrect Answer
      E None of the above Correct Answer Incorrect Answer

      Solution

      The court does not dissolve a firm upon the expiry of the partnership period; it dissolves due to contractual agreement or operation of law.

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