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Dissolution of Partnership vs Firm

If all the pa...

Question

If all the partners, but one are insolvent it is __________

A

Dissolution of an agreement

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B

Dissolution of a firm

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C

May or may not be cause dissolution

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D

None of these

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Solution

The correct option is B
Dissolution of a firm

If all the partners, but one are insolvent it is a dissolution of a firm

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