aliensbrain
  • Home
  • Study
  • Quizzes
  • 🎤AI Practicefree
  • Notebooks
  • Community
  • Sign in
  • Partnership Act Test - 2
  • _____ does not relate to the dissolution of firm.
Multiple choice

_____ does not relate to the dissolution of firm.

  1. Dissolution by agreement

  2. Compulsory dissolution

  3. Dissolution in the happening of certain contingency

  4. Dissolution by leaving insolvent partner

  5. None of the above

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

Option (4) is correct: Leaving of firm by insolvent partner doesn’t result into dissolution of firm.

Keep practicing — related questions

  • At the time of dissolution of firm, ____ debts are settled first out of firm s property.
  • The relation between a partner with the other partner(s) in a firm is that of
  • P : Foreign key cannot have a null value. Q : Primary key and foreign key can exist in same relation. R : F...
  • ‘HERO’ is related to ‘OHRE’ and ‘MEAN’ is related to ‘NMAE’. In the same way, ‘LOVE’ is related to
  • A foot is related to a man and paw is related to a cat in the same way hoof is related to a
  • Adrenal gland is related to kidney whereas Pituitary gland is related to
  • If the joint life policy is not appearing in the books and the firm decides not to show it in the books, wh...
  • Which of the following insurance policies is taken by a business firm on the life of a very important perso...
Play the full quiz 🎤 Practise this topic out loud

Practice this topic

  • Partnership and Business Law (1007 questions)
Advertisement
© Aliensbrain | all rights reserved
  • About
  • Contact
  • Terms and Condition
  • Privacy Policy