Practicing Success

Target Exam

CUET

Subject

Accountancy

Chapter

Dissolution of Partnership Firm

Question:

If the partnership is at will, how can a firm be dissolved?

Options:

Dissolution by Agreement

Dissolution by Court

Dissolution on the happening of certain contingencies

Dissolution by Notice

Correct Answer:

Dissolution by Notice

Explanation:

In case of partnership at will, the firm may be dissolved if any one of the partners gives a notice in writing to the other partners, signifying his intention of seeking dissolution of the firm.