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Modes of Dissolution

When all the ...

Question

When all the partners agree to dissolve the firm, it 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 C
Dissolution by agreement

When all the partners agree to dissolve the firm, it is known as dissolution by agreement.

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