Which of the following will lead to dissolution of partnership firm by agreement?

With the consent of all the partners

The correct answer is option 2- With the consent of all the partners.

The consent of all the partners will lead to dissolution of partnership firm by agreement.

Dissolution by Agreement: A firm is dissolved : (a) with the consent of all the partners or (b) in accordance with a contract between the partners.

OTHER OPTIONS

• Death of a partner- On the happening of certain contingencies.
• Admission of a partner- No dissolution, it will lead to reconstitution of firm.
• Expiry of the period of partnership-On the happening of certain contingencies.