Multiple choice

On which of the following grounds can a partner apply to the court for dissolution of the firm?

  1. Insanity of a partner

  2. Misconduct of a partner

  3. Perpetual losses in business

  4. All of the above
Reveal answer Fill a bubble to check yourself
D Correct answer
Explanation

The Indian Partnership Act, 1932 (Section 44) allows a partner to seek court dissolution on multiple grounds: if a partner becomes of unsound mind (insanity), if a partner commits misconduct that harms the business, or if the firm suffers perpetual/continuous losses making business unprofitable. All three grounds are valid, so 'All of the above' is correct.

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