Which of the following is not a case of dissolution of a partnership firm by agreement? |
By the adjudication of a partner as an insolvent In accordance with a contract between the partners With the consent of all the partners Both options 2 and 3 |
By the adjudication of a partner as an insolvent |
The correct answer is option 1- By the adjudication of a partner as an insolvent. By the adjudication of a partner as an insolvent is not a mode of dissolution of partnership through 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.
|