The dissolution of the firm necessarily brings in..............
Answer & explanation
Correct answer: option 1
The correct answer is option 1- Dissolution of partnership.
Dissolution of a partnership firm may take place without the intervention of court or by the order of a court, in any of the ways specified later in this section. It may be noted that dissolution of the firm necessarily brings in dissolution of the partnership. However, dissolution of partnership would not necessarily involve dissolution of firms.