In the provided options, all of them except for option d) can be grounds for a court-ordered dissolution of a partnership firm.
a) A partner becomes permanently incapable of performing his duties: If a partner becomes permanently unable to fulfill their responsibilities as a partner, it can be a valid ground for court-ordered dissolution. This is because the incapacitation of a partner can significantly impact the functioning and operations of the firm.
b) A partner persistently breaches the partnership agreement: When a partner consistently and repeatedly violates the terms and conditions outlined in the partnership agreement, it can lead to disruption and harm to the business. In such cases, a court may order the dissolution of the firm to protect the interests of the other partners.
c) A partner transfers the whole of his interest to a third party: If a partner transfers their entire interest in the firm to a third party without the consent or agreement of the other partners, it can disrupt the partnership and warrant a court-ordered dissolution. The entry of an outsider as a partner may not align with the original intentions and dynamics of the partnership.
d) The firm is constituted for a fixed term, is the correct answer because a partnership firm being constituted for a fixed term is not a ground for a court-ordered dissolution. When a partnership is established with a predetermined term, it implies that the partners have agreed upon a specific duration for the partnership. Therefore, the expiry of the fixed term does not require court intervention for dissolution, as it happens automatically by the terms agreed upon by the partners. |
