Question

4. A, B, C and D are equal partners. A. B and D died together in a plane crash. This accident results in:
(A) Dissolution of partnership (B) Dissolution of firm (C) Dissolution of firm as well as dissolution of
partnership (D) Neither dissolution of firm nor dissolution of partnership​

Answer 1

Answer:

Dissolution of partnership means termination of old partnership agreement and a reconstruction of the firm due to admission ,retirement and death. Dissolution of partnership firm means that the firm closes down its business and comes to an end. In this case because of death partnership dissolved.

For partnership two or more than two partners needed but in this only one partner is alive. so it resulted in dissolution of partnership firm also.

Answer 2

Answer:

C

Explanation: