Question

Which of these can be treated as just and equitable ground for dissolution of a partnership firm under the Partnership Act?

• A. Loss of mutual confidence
• B. Dead lock amongst the partners
• C. Both
• D. None of these

Answer 1

The correct option is C Both

Partnership completely depends on trust and good faith. Partnership can not continue without trust. Dead lock situation is that situation in which no agreement can be made because no party is willing to give in and a partnership is a contractual agreement. If no contract can be made no partnership can be made. So these are treated as just and equitable ground for dissolution.