Dissolution of a firm cannot take place in which of the situation-
- ADissolution by Death
- BDissolution by Agreement
- CDissolution by Court
- DVoluntarily by one partner
Solution & Step-by-step Explanation
Under the Indian Partnership Act, 1932:A firm can be dissolved by Mutual Agreement (Section 40).A firm can be dissolved by the Court (Section 44) under specific circumstances like insolvency or misconduct.Unless contracted otherwise, the death of a partner can lead to the automated dissolution of the firm.Voluntarily by one partner: A single partner cannot arbitrarily dissolve a firm at their own solo whim unless the partnership is "At Will" and proper formal written notice is delivered to all other partners. Hence, a casual standalone decision without due procedure cannot unilaterally execute the dissolution of the entire firm structure.