Multiple choice

Dissolution of a firm may take place in the following manner

  1. compulsory dissolution

  2. dissolution by agreement

  3. by intervention of the court

  4. all of these
Reveal answer Fill a bubble to check yourself
D Correct answer
Explanation

A partnership firm can be dissolved compulsorily (by operation of law/event), by mutual agreement between partners, or by court order. All three methods are valid dissolution mechanisms under partnership law, making 'all of these' the correct answer.

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