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NCERT-DISSOLUTION OF PARTNERSHIP FIRM-Test your Understanding – I
- Dissolution of a partnership is different from dissolution of a firm,
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- A partnership is dissolved when there is a death of a partner,
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- A firm is dissolved when all partners give consent to it.
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- A firm is compulsorily dissolved when a partner decide to retire.
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- Dissolution of a firm necessarily involves dissolution of partnership.
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- A firm is compulsorily dissolved when all partners or when all except ...
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- Court can order a firm to be dissolved when a partner becomes insane.
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- Dissolution of partnership can not take place without intervention of ...
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