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Question

When the court is satisfied that business of the firm cannot be carried on except at a loss, this results in ______________


A

Dissolution by notice

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B

Dissolution by agreement

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C

Dissolution by court

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D

Compulsory dissolution

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Solution

The correct option is C

Dissolution by court


When the court is satisfied that business of the firm cannot be carried on except at a loss, this results in dissolution by court.


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