Question : Court can make an order to dissolve the firm when :
Option 1: Firm is running legal business
Option 2: Partnership deed is fully followed
Option 3: Continued future profits are expected
Option 4: Some partner has become fully mad
Correct Answer: Some partner has become fully mad
Solution : a) When a partner suffers from a mental illness
b) When a partner is rendered permanently incapable of carrying out his responsibilities; c) When a partner engages in conduct that is likely to harm the firm's business
d) When a partner repeatedly violates the partnership agreement;
e) When a partner transfers all of his interest in the Firm to a third party
f) When the firm's operations can only be conducted at a loss
Hence the Correct answer is option 4
