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Introduction to Dissolution

When the firm...

Question

When the firm goes bankrupt or it is ordered by a court to dissolve for illegal practices, it is called ______________

A

dissolution of an agreement

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B

dissolution of the firm

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C

May or may not cause dissolution

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D

None of these

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Solution

The correct option is B
dissolution of the firm

When the firm goes bankrupt or it is ordered by a court to dissolve for illegal practices, it is called dissolution of the firm.

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Q. When the firm goes bankrupt, or it is ordered by a court to dissolve for illegal practices, it is called dissolution of the .

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