Given: I. Settlement of debts II. Cessation of business III. Introduction of assets IV. Disposal of assets Which of these constitutes dissolution of partner...
I. Settlement of debts II. Cessation of business III. Introduction of assets IV. Disposal of assets
Which of these constitutes dissolution of partnership?
Answer Details
Bankruptcy of a partner, illegality of object of the business, expiration of the time given, non performance of the business, admission of a new partner, withdrawal or retirement of partners give rise to dissolution of partnership.