Multiple choice

Mode(s) of dissolution of a firm is/are

  1. compulsory dissolution

  2. dissolution by notice of partnership at will

  3. dissolution on the happening of certain contingencies

  4. All of the above
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D Correct answer
Explanation

Modes of dissolution of a firm are as follows: a) Compulsory dissolution under section 41 b) Dissolution by notice of partnership at will under section 43 c) Dissolution on the happening of certain contingencies under section 42   

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