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Partner's Capital Account Adjustments(Death)

Application f...

Question

Application for dissolution of a firm on the ground of permanent incapacity of a partner can be made by...

A

Any partner

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B

Any partner other than who is permanently incapable

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C

Partner who is permanently incapacitated

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D

Senior-most partner only

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Solution

The correct option is C Any partner other than who is permanently incapable
Option B is the correct answer.

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Similar questions

Q. Application for dissolution of a firm on the ground of permanent incapacity of a partner can be made by ________.

Q. Application for dissolution of a firm on the ground of misconduct of a partner can be made by :

Q. The court may not order dissolution of a firm on permanent incapacity of a ______________ .

Q. In case of partnership at will, the firm may be dissolved if any ______ of the partners give a notice in writing to the other partners, signifying his intention of seeking dissolution of the firm.

Which of the following is true or false?

(a) When a partner dies, he leaves the firm for ever.
(b) It is treated as permanent retirement.

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Partner's Capital Account Adjustments(Death)

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