Question

Which of the following is not a voluntary
mode of dissolution of the firm ?
O(a) By agreement
O
(b) Some event making the business unlawful
if carried on in partnership
O (c) By consent
O (d) By notice​

Answer 1

Answer:

(b) Some event making the business unlawful

Answer 2

Answer:

(b) Some event making the business unlawful

(b) Some event making the business unlawfulif carried on in partnership

Explanation:

• Section 40 of the Act allows for the voluntary dissolution of a partnership. "A firm may be dissolved with the permission of all partners or pursuant to a contract between the partners," it states.

The following ways of dissolution by voluntary act of partners are available:

1. Consent Dissolution

1. Consent Dissolution2. Agreement-based dissolution

1. Consent Dissolution2. Agreement-based dissolution3. Notice of dissolution

#SPJ2