Tag: dissolution of partnership
Questions Related to dissolution of partnership
Where the continuing partners carry on the business of the firm, the outgoing partner whose claim is not settled.
X. is entitled to share of profits since date of cessation as partner.
Y. is not entitled to claim anything other than unsettled amount
Z. is entitled to $6\%$ interest p.a. on the unsettled amount.
Select the correct answer from the options given.
A, B, C are partners on death of B, A and C continue the firm's business. This is a case of ________.
A firm is compulsory dissolved if ___________.
If all partners, or all but one partner, of the firm are declared insolvent ___________.
In which of the following case, the Court may, at the suit of a partner, dissolve a firm?
A firm may be dissolve where ___________ that it shall be dissolved.
Identify which of the following statement is true and which is false.
(I) The Court may dissolve a firm if a partner conducts himself in such a way that if is not reasonably practicable for the other partners to carry on business in partnership with him.
(II) If the firm has been continuously suffering losses and it is apparent that in future also the business cannot be carried on except at a loss, the Court cannot order dissolution of the firm
Select the correct answer from the options given.
The Court may dissolve a firm if a partner _________ commits breach of agreements relating to management of the affairs of the firm or the conduct of the firm's business.
In which of the following case, the Court may, at the suit of a partner. dissolve a firm?
In which of the following case, the Court may, at the suit of a partner, dissolve a firm?