What is dissolution ofpartnership film? (Answer in one sentence)
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Hey, mate here is your answer》》
It defines the dissolution of partnership between all the partners of a firm is called the dissolution of the firm.
Hope this answer will help you..《《
It defines the dissolution of partnership between all the partners of a firm is called the dissolution of the firm.
Hope this answer will help you..《《
Answered by
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Dissolution of partnership or more appropriately, the end of a partnership occurs due to several reasons.
There three conditions for the dissolution of partnership:
i) Death: if there occurs death of one of the partners then partnership is dissolved.
ii) Court order: Due to the quarrel between partners, if court gives order of dissolution of partnership.
iii) When partnership becomes unlawful to continue, it is dissolved automatically.
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