Question

Application to court for dissolution of a firm can be made :

• A. Where the partnership is at will
• B. Where the partnership is not at will
• C. Where the partnership is for a fixed duration
• D. In all cases

Answer 1

Answer: (B)

Where the partnership is not at will

When the partnership is not at will, dissolution can be made by application to court. Any partner can file a suit in the court for dissolution. Where the partnership is at will, a partner in a partnership can dissolve the firm by giving notice of dissolution to other parties. Where the partnership is for a fixed period, the partnership comes to an end on a date specified in the partnership deed.