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Modes of Dissolution

When there is...

Question

When there is any term related to dissolution of firm in the partnership agreement, 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 there is any term related to dissolution of firm in the partnership agreement, it is known as dissolution by agreement.

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Similar questions

Q. In which of the following ways a partnership firm may be dissolved?
I. Dissolution by Agreement
II. Compulsory dissolution
III. Dissolution by Notice
IV. Dissolution by court

Q. Explain dissolution of a firm by (i) Agreement and (ii) Notice

Q. Dissolution of the partnership is _________ in nature, as it is dissolved by mutual agreement. Conversely, a firm is dissolved either ________________.

Q. X, .Y and Z are partners. The majority of the partners decide t dissolve the firm. Discuss the legal position.in?each of the following alternative cases
Case (a): If the partnership agreement is silent.
Case (b) If the, partnership agreement provides for dissolution by. mutual . agreement only.
Case(c): It.the partnership agreement provides for dissolution. by any. majority of the .partner

Q. Which of the following are grounds for compulsory dissolution of the firm by court?

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