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In a partnership at will, any partner can dissolve the firm by giving notice to the other partners. - Commercial Applications

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Question

In a partnership at will, any partner can dissolve the firm by giving notice to the other partners.

Options

  • True

  • False

MCQ
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Solution

True

Explanation:

  • A Partnership at Will is one where no fixed duration of partnership is mentioned, and the partnership is not formed for a particular venture.
  • In this type, any partner can dissolve the firm at any time simply by giving a written notice to the other partners of his intention to dissolve it.
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Chapter 3: Ownership Structures - Partnership - EXERCISES [Page 41]

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C. B. Gupta Commercial Applications [English] Class 9 ICSE
Chapter 3 Ownership Structures - Partnership
EXERCISES | Q I. 23. | Page 41
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