Question

X, Y and Z are partners and there is no provision in partnership agreement for duration of the partnership. State whether the firm is dissolved in each of the following alternative case:
Case (a) If. X gives a notice in writing to Y of his .intention to dissolve the firm on 31.03.99.
Case(b):If X gives a notice in writing to Yon 31.03.99 and to Z on 02.04.99. The notice contained X s. intention to dissolve. the firm but no. date of dissolution was mentioned in the notice.
Case (C): If in case (b), it was mentioned in the notice that the firm will be dissolved from 1st May, 1999.

Answer 1

Solution:
Decision and Reason:
Case (a): The firm-is not dissolved since notice was not given to Z
Case (b) The firm is dissolved of 020499 because the communication of notice to all other partners completes on 02.04.99. If no date of dissolution is mentioned in the notice, the firm Is dissolved from the date of the communication of the notice.
case (c): The firm is dissolved from the date mentioned in the notice as the date of dissolution, i.e. 01.05.99.