Dissolution of a partnership firm may be ordered by the court on the following grounds:(A) when a partner becomes insane.(B) when a partner becomes permanently incapable of performing his duties as partner.(C) when a partner acts in good faith.(D) when it is regarded just and equitable by the court.Choose the correct answer from the options given below:
- A(A) and (D) only
- B(A), (B) and (D) only
- C(D) only
- D(A), (B), (C) and (D)
Solution & Step-by-step Explanation
Under Section 44 of the Indian Partnership Act, 1932, a court can order dissolution on grounds of partner insanity (A), permanent incapacity (B), persistent misconduct, breach of agreement, or when it is just and equitable (D). Acting in good faith (C) is a positive statutory duty and not a ground for termination.