Question

explain various modes of dissolution​

Answer 1

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Step-by-step explanation:

• 1] By Agreement (Section 40) ...

• 2] Compulsory Dissolution (Section 41) ...

• 3] On the happening of certain contingencies (Section 42) ...

• 4] By notice of partnership at will (Section 43) ...

• 1] Insanity/Unsound mind. ...

• 3] Misconduct. ...

• 4] Persistent Breach of the Agreement. ...

• 5] Transfer of Interest.

Answer 2

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.