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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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