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      Question

      Which of the following is a valid mode of dissolution

      of a Partnership?
      A By notice Correct Answer Incorrect Answer
      B By expiry of fixed term. Correct Answer Incorrect Answer
      C By death of a partner Correct Answer Incorrect Answer
      D A and B. Correct Answer Incorrect Answer
      E A, B and C. Correct Answer Incorrect Answer

      Solution

        S.42 DISSOLUTION ON THE HAPPENING OF CERTAIN CONTINGENCIES. Subject to contract between the partners a firm is dissolved (a) if constituted for a fixed term, by the expiry of that term; (b) if constituted to carry out one or more adventures or undertakings, by the completion thereof; (c) by the death of a partner; and (d) by the adjudication of a partner as an insolvent.

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