In which condition a partnership firm is deemed to be dissolved?

On a partner’s admission On retirement of a partner On expiry of the period of partnership On loss in partnership

On expiry of the period of partnership

On the happening of certain contingencies: Subject to contract between the partners, a firm is dissolved : (a) if constituted for a fixed term, by the expiry of that term; (b) if constituted to carry out one or more ventures, by the completion thereof; (c) by the death of a partner; (d) by the adjudication of a partner as an insolvent.