Match List-I with List-IIList-IList-II(A) Compulsory Dissolution(I) Partner becomes insane(B) Dissolution by notice(II) Death of a partner(C) Dissolution by Court(III) Business become illegal(D) Dissolution on certain contingencies(IV) Partnership at willChoose the correct answer from the options given below:
- A(A) - (I), (B) - (II), (C) - (III), (D) - (IV)
- B(A) - (I), (B) - (III), (C) - (II), (D) - (IV)
- C(A) - (I), (B) - (II), (C) - (IV), (D) - (III)
- D(A) - (III), (B) - (IV), (C) - (I), (D) - (II)
Solution & Step-by-step Explanation
The Indian Partnership Act, 1932 provides for various modes of firm dissolution:(A) Compulsory Dissolution (Section 41): Occurs automatically when the firm’s core operations become unlawful. Matches with (III) Business becomes illegal.(B) Dissolution by notice (Section 43): Applies specifically when a firm is configured as a (IV) Partnership at will, allowing any partner to dissolve it by providing written notice.(C) Dissolution by Court (Section 44): The court may step in to order a dissolution under special circumstances, such as when a (I) Partner becomes insane.(D) Dissolution on certain contingencies (Section 42): Triggers upon predictable individual events, such as the (II) Death of a partner.Hence, the correct match pattern is (A) - (III), (B) - (IV), (C) - (I), (D) - (II).