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Modes of Dissolution

In case, all ...

Question

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

A

Dissolution by court

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B

Dissolution by notice

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C

Dissolution by agreement

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D

Compulsory dissolution

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Solution

The correct option is D
Compulsory dissolution

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

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