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Question
Which of the following will not result in compulsory dissolution of a partnership firm.
Options
When all partners or all but one partner become insolvent.
When the business of the firm becomes illegal.
When some event has taken place which makes it unlawful for the partners to carry on the business of the firm in partnership.
When a partners dies.
MCQ
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Solution
When a partners dies.
Explanation:
Death of a partner does not always result in compulsory dissolution of the firm. The remaining partners may continue the business if the partnership agreement permits it.
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