Question : A partnership firm is compulsorily dissolved:

Option 1: When the business of the firm is declared illegal

Option 2: When a partner of the firm dies

Option 3: When a partner of the firm becomes insolvent

Option 4: When a partner transfers his share to some other person without the consent of other partners

Question : A partnership firm is compulsorily dissolved:

Option 1: When the business of the firm is declared illegal

Option 2: When a partner of the firm dies

Option 3: When a partner of the firm becomes insolvent

Option 4: When a partner transfers his share to some other person without the consent of other partners

Question :  Which of the following is not a way of dissolution of partnership firm?

Option 1: With the consent of all partners

Option 2: When all partners or all but one partner become insolvent

Option 3: When business of the firm becomes illegal

Option 4: When there is a change in the economic relationship of partners

Question : At the time of admission of a new partner:

Option 1: Old partnership is dissolved 

Option 2: Old firm are dissolved 

Option 3: Both 1 and 2 

Option 4: None of the above 

Question : Under dissolution on the happening of certain contingencies, a firm can be dissolved if——–

Option 1: a partner becomes insane

Option 2: a partner becomes insolvent

Option 3: The partnership formed for a particular venture is completed

Option 4: Both (2) and (3)