MyQuestionIcon

1

You visited us 1 times! Enjoying our articles? Unlock Full Access!

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

No worries! We‘ve got your back. Try BYJU‘S free classes today!

B

Dissolution by notice

No worries! We‘ve got your back. Try BYJU‘S free classes today!

C

Dissolution by agreement

Right on! Give the BNAT exam to get a 100% scholarship for BYJUS courses

D

Compulsory dissolution

No worries! We‘ve got your back. Try BYJU‘S free classes today!

Open in App

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.

Suggest Corrections

thumbs-up

0

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?

View More

Join BYJU'S Learning Program

similar_icon

Related Videos

lock

Other Aspects of Realisation

ACCOUNTANCY

Watch in App

explore_more_icon

Explore more

Modes of Dissolution

Standard XII Accountancy

Join BYJU'S Learning Program

CrossIcon