According to section _________ of the Indian Partnership Act, 1932, the dissolution of partnership between all the partners of a firm is called the dissolution of the firm.
- A36
- B37
- C38
- D39
Solution & Step-by-step Explanation
According to Section 39 of the Indian Partnership Act, 1932, the dissolution of partnership between all the partners of a firm is defined as the "dissolution of the firm". It signifies the complete breakdown of the business relations among all partners, leading to the winding up of the business affairs.