Which of the following will lead to dissolution of partnership firm?

With the consent of all the partners

The correct answer is option 2- With the consent of all the partners.

With the consent of all the partners, a partnership firm can dissolved. All others are mode of reconstitution of the firm.

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.

Reconstitution of the partnership firm takes place in the following ways-
* Admission of a new partner
* Change in profit sharing ratio
* Retirement of a partner
* Death of a partner