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Introduction to Dissolution

Dissolution o...

Question

Dissolution of a partnership refers to any change in the existing agreement between the partners.

A

False

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True

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Q. Give the word / term or phrase which can substitute each of the following statement.

A partnership agreement between the partners in written form.

Q. X, .Y and Z are partners. The majority of the partners decide t dissolve the firm. Discuss the legal position.in?each of the following alternative cases
Case (a): If the partnership agreement is silent.
Case (b) If the, partnership agreement provides for dissolution by. mutual . agreement only.
Case(c): It.the partnership agreement provides for dissolution. by any. majority of the .partner

Q. The change in profit sharing ratio among existing partners results in dissolution of .

Where there is no partnership agreement exists between partners, what will be the profit sharing ratio between the partners?

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

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