Practicing Success
A firm is compulsorily dissolved : |
When the business of the firm can not be carried on except at a loss When a partner persistently commits breach of partnership agreement When the business of the firms becomes illegal When a partner becomes insane |
When the business of the firms becomes illegal |
The correct answer is Option 3 - When the business of the firms becomes illegal. Compulsory Dissolution: A firm is dissolved compulsorily in the following cases: |