Which of the following statements are true or false?

Statement 1: A firm is compulsorily dissolved when a partner decides to retire.
Statement 2: Dissolution of a firm necessarily involves the dissolution of the partnership.
Statement 3: A firm is compulsorily dissolved when all partners or when all except one partner become involvent.

*Firm is not dissolved at the time of death, if the remaining partners decide to carry on business then they can continue business.
*Compulsory Dissolution: A firm is dissolved compulsorily in the following cases: (a) when all the partners or all but one partner, become insolvent, rendering them incompetent to sign a contract; (b) when the business of the firm becomes illegal; or (c) when some event has taken place which makes it unlawful for the partners to carry on the business of the firm in partnership, e.g., when a partner who is a citizen of a country becomes an alien enemy because of the declaration of war with his country and India.