Multiple choice

On which of the following grounds may a partner apply to the court for dissolution of 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

Option (4) is correct: Under Section 44 of the Partnership Act, either partner or court itself can ask for dissolution of firm in the following cases: Insanity of partner, incapacity of partner, misconduct of partner, continuous losses, and constant breach of agreement by partner.

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