Question

Explain the modes of dissolution of partnership firm

Answer 1

Dissolution of a firm involves the complete breakdown of partnership relation. In the dissolution of partnership firm, the partners may by agreement provide for the continuance of the firm after its dissolution by death, lunacy or insolvency of any partner.

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Answer 2

Answer:

Dissolution of a firm involves the complete breakdown of partnership relation. In the dissolution of partnership firm, the partners may by agreement provide for the continuance of the firm after its dissolution by death, lunacy or insolvency of any partner.

Explanation: