Question : The written agreement among the Partners is called
Option 1: Partnership deed
Option 2: Partnership by laws
Option 3: Partnership constitution
Option 4: a contract
Correct Answer: Partnership deed
Solution : Answer = Partnership deed
Partnership deed is a document in which the rights and obligations of the Partners are set out in detail. Hence, the correct option is 1.
Question : Dissolution by agreement implies ——-
Option 1: Firm is dissolved with consent of all partners
Option 2: Firm is dissolved in accordance with contract between the partners
Option 3: Firm is dissolved by the partnership Deed
Option 4: Both (1) and (2)
Question : Any change in the relationship of existing partners which results in an end of the existing agreement and enforce a new agreement is called
Option 1: Revaluation of partnership
Option 2: Reconstitution of partnership
Option 3: Realization of partnership
Option 4: Dissolution of firm
Question : The dissolution of partnership between all the partners of a firm is called:
Option 1: Reconstitution of partnership firm
Option 2: Dissolution of partnership
Option 3: Dissolution of partnership firm
Option 4: Any of the above
Question : Change in the existing agreement between the partners is called
Option 1: Dissolution of Firm
Option 2: Reconstitution of Partnership
Option 3: Dissolution of Business
Option 4: None of the Above
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