Based on the passage given for Meena and Tina, answer the question:Which mode of dissolution is highlighted in the above case where partners decide mu - Accountancy MCQ CUET Accountancy 2023 29 May Shift 2 2026 | ExamTest.live

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Based on the passage given for Meena and Tina, answer the question:Which mode of dissolution is highlighted in the above case where partners decide mutually among themselves to wind up operations?

Solution & Step-by-step Explanation

When partners mutually decide among themselves to end their business association and close the firm without any court intervention, it is a classic case of Dissolution by agreement (Section 40 of the Indian Partnership Act, 1932).

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Based on the passage given for Meena and Tina, answer the question:Which mode of dissolution is highlighted in the above case where partners decide mutually among themselves to wind up operations?

Compulsory Dissolution

Dissolution by agreement

Dissolution by court

Dissolution on happening of contingencies

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