Multiple choice

In which of the following cases may a partnership firm be dissolved?

X. On the death of a partner Y. On the insolvency of a partner Z. On the retirement of a partner

  1. X and Y

  2. X and Z

  3. Y and Z

  4. X, Y and Z
Reveal answer Fill a bubble to check yourself
D Correct answer
Explanation

The dissolution of partnership takes place in the following circumstances: (a) By the expiry of the fixed term for which the partnership was formed (b) By the completion of the adventure (c) By the death of a partner (d) By the insolvency of a partner (e) By the retirement of a partner

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