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Partnership Law (UGC/ NET)

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Multiple Choice

Under Section 42 of the Partnership Act, a firm may be dissolved on the happening of certain contingencies, subject to contract between the partners. Which of the following is not such a contingency?

  1. Expiration of the partnership firm
  2. Completion of business
  3. Death or insolvency of a partner
  4. A partner becoming lunatic
  5. None of these
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