Question

Describe the different modes of Dissolution of a firm.​

Answer 1

Answer:

A firm is compulsorily dissolved:

A firm is compulsorily dissolved:(i) By the adjudication as insolvent of all the partners or of all partners except one. (ii) By the happening of any event which makes it unlawful for the business of the firm to be carried on or for the partners to carry it on in partnership.

Answer 2

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A firm is compulsorily dissolved:

(i) By the adjudication as insolvent of all the partners or of all partners except one. (ii) By the happening of any event which makes it unlawful for the business of the firm to be carried on or for the partners to carry it on in partnership

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