Match List-I with List-II.
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List-I |
List-II |
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(A) Compulsory Dissolution |
(I) Partner becomes insane |
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(B) Dissolution by notice |
(II) Death of a partner |
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(C) Dissolution by court |
(III) Business become illegal |
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(D) Dissolution on certain contingencies |
(IV) Partnership at will |
Choose the correct answer from the options given below:
Answer & explanation
Correct answer: option 4
The correct answer is Option (4) → (A)-(III), (B)-(IV), (C)-(I), (D)-(II)
The Partnership Act groups the ways a firm is dissolved by what sets the dissolution off.
(A) Compulsory dissolution — (III) Business becomes illegal.
When the business itself becomes illegal, the firm must be dissolved whatever the partners want.
(B) Dissolution by notice — (IV) Partnership at will.
In a partnership at will, any partner can dissolve the firm by giving written notice to the others.
(C) Dissolution by court — (I) Partner becomes insane.
Insanity of a partner is a ground on which the court may order dissolution at the suit of a partner.
(D) Dissolution on certain contingencies — (II) Death of a partner.
Subject to the contract between partners, the death of a partner dissolves the firm.
NCERT (2026-27 edition):
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