Multiple choice

Which of the following is/are not a sufficient ground to justify dissolution of a firm?

  1. Incompetence for business

  2. Ordinary partnership squabbles

  3. Misuse of partnership funds for payment of personal debts

  4. Persistent breach of agreement

  5. All of the above

Reveal answer Fill a bubble to check yourself
B Correct answer
Explanation

When there are trivial quarrels continuously between the partners of the firm, then it is not a valid ground on the basis of which the partnership firm would be dissolved.