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Question

Under section 44 of the Partnership Act, a firm may be dissolved on the happening of certain contingencies like :

A
Insanity of a partner
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B
Marriage of a partner
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C
By retirement of a partner
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D
Partner joining political parties
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Solution

The correct option is A Insanity of a partner
Marriage of a partner does not affect the working of the partnership. Retirement and a partner joining political parties can also not be a ground for dissolution because remaining partner can continue the business of partnership. But According to Section 44 of Indian Partnership Act, When a partner becomes of unsound mind and is unable to continue further, than the court may order for dissolution of the firm. Insanity can be ground for dissolution.

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