Which mode of dissolution is triggered by a partner's inability to pay debts?

Insolvency of a partner

When a partner becomes insolvent, it means that they are unable to pay their debts. In such a situation, the partner's inability to meet their financial obligations can trigger the dissolution of the partnership. Insolvency affects the financial stability of the partnership, and it becomes difficult to continue the business with a partner who cannot fulfill their financial obligations. When a partner becomes insolvent, it can lead to the dissolution of the partnership because it affects the overall financial health and credibility of the business. The other partners may not be willing or able to continue the partnership with an insolvent partner, as it can have negative implications for the business's reputation, creditworthiness, and financial stability. Therefore, insolvency of a partner is a mode of dissolution that can be triggered when a partner is unable to pay their debts, leading to the dissolution of the partnership.