Modes of Dissolution

Q. When all or all but one of the partners of the firm becomes insolvent and results in dissolution , this type is called dissolution.

1. compulsory
2. special
3. court
4. notice

Q.

When the partner has become of unsound mind. In this case, the said partner is unable to fulfill the duties towards the business, this results in ______________

1. Dissolution by notice

2. Dissolution by agreement

3. Compulsory dissolution

4. Dissolution by court

Q.

If the business becomes illegal & firm is dissolved, it is known as ___

1. Dissolution by agreement

2. Compulsory dissolution

3. Dissolution by notice

4. Dissolution by court

Q.

When all the partners agree to dissolve the firm, it is known as ___

1. Dissolution by court

2. Dissolution by notice

3. Compulsory dissolution

4. Dissolution by agreement

Q.

In case, all the partners or all except one partner become insolvent or insane, such dissolution is known as __________

1. Dissolution by court

2. Dissolution by notice

3. Dissolution by agreement

4. Compulsory dissolution

Q.

When a partner, other than the partner filing the suit, is guilty of misconduct that may harm the partnership, this results in ______________

1. Dissolution by court

2. Dissolution by notice

3. Dissolution by agreement

4. Compulsory dissolution

Q.

When there is any term related to dissolution of firm in the partnership agreement, it is known as …………

1. Dissolution by agreement

2. Compulsory dissolution

3. Dissolution by notice

4. Dissolution by court

Q. When all the partners agree to dissolve the firm, it is known as dissolution by .

1. court order
2. notice
3. agreement
4. compulsion

Q.

If any partner give notice in writing to all the other partners expressing his/her intention to dissolve the firm, it is known as _____________

1. Dissolution by court

2. Dissolution by agreement

3. Dissolution by notice

4. Compulsory dissolution

Q.

Where all the partners except one decide to retire from the firm, it is known as __________

1. Compulsory dissolution

2. Dissolution by court

3. Dissolution by notice

4. Dissolution by agreement

Q.

Where all the partners except one die, it is known as ___

1. Dissolution by court

2. Dissolution by notice

3. Compulsory dissolution

4. Dissolution by agreement

Q.

When the court is satisfied that business of the firm cannot be carried on except at a loss, this results in ______________

1. Dissolution by notice

2. Dissolution by agreement

3. Dissolution by court

4. Compulsory dissolution

Q.

Does court has authority to give order to dissolve the firm?

1. None of these

2. Real A/c

3. Nominal A/c

4. Personal A/c

Q. Implied authority means the capacity of a partner to bind ________.

1. third party by his acts
2. firm by his acts
3. none of these
4. both A and B