Multiple choice

Which of the following is not a valid mode of retirement?

  1. By consent of all other partners

  2. By agreement

  3. By notice in case of partnership at will

  4. By one's own choice or liking

  5. None of the above
Reveal answer Fill a bubble to check yourself
D Correct answer
Explanation

Partnership act does not provide any mode of retirement where a partner by his own choice or liking can choose retirement from the firm.

Keep practicing — related questions