Question

Which of the following is the case of voluntary dissolution of partnership?

• A. Dissolution by consent
• B. Dissolution by agreement
• C. Dissolution by notice
• D. All of the above

Answer 1

The correct option is D All of the above

Section 40 provides for dissolution of a firm by voluntary acts of the partners. It lays that, "a firm may be dissolved with the consent of all partners or in accordance with a contract between the partners."

Dissolution by voluntary act of partners includes the following modes :

1. Dissolution by Consent

2. Dissolutionby agreement

3. Dissolutionby notice