'When a partner is guilty of misconduct which is likely to adversely affect the business of the firm, then dissolution of firm can take place' Which mode of dissolution of firm is highlighted in the given lines? |
Dissolution by Agreement Dissolution by Notice Compulsory dissolution Dissolution by Court |
Dissolution by Court |
The correct answer is option 4- Dissolution by Court. Dissolution by Court is highlighted in the given lines. At the suit of a partner, the court may order a partnership firm to be dissolved on any of the following grounds: |