Match List I with List II.
| List I | List II |
| A. Dissolution by Agreement | I. When a partner becomes insane |
| B. Dissolution by court | II. By the completion of venture |
| C. Compulsory dissolution | III. In accordance with contract between partners |
| D. On happening of certain Contingencies | IV. Event making it unlawful for partners to carry on business |
Choose the correct answer from the options given below :
Answer & explanation
Correct answer: option 1
The correct answer is Option (1) → A-III, B-I, C-IV, D-II
(A) Dissolution by Agreement — this matches (III) In accordance with contract between partners. The partners themselves agree to end the firm.
(B) Dissolution by court — this matches (I) When a partner becomes insane. The court may order dissolution at the suit of a partner.
(C) Compulsory dissolution — this matches (IV) Event making it unlawful for partners to carry on business. The firm must close by law.
(D) On happening of certain Contingencies — this matches (II) By the completion of venture. A firm formed for a venture ends when it is completed.
NCERT (2026-27 edition):
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