Match List-I with List-IIList-IList-II(A) Compulsory Dissolution(III) Business becomes illegal(B) Dissolution by notice(IV) Partnership at will(C) Dissolution by Court(I) Partner becomes insane(D) Dissolution on certain contingencies(II) Death of a partnerChoose 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
According to the Indian Partnership Act, 1932:(A) Compulsory Dissolution (Sec 41): Happens automatically if the business of the firm becomes illegal (III)(B) Dissolution by notice (Sec 43): Applicable specifically when a partnership is at will (IV)(C) Dissolution by Court (Sec 44): Court can order if a partner turns insane (I)(D) Dissolution on certain contingencies (Sec 42): Happens upon events like the death of a partner (II)The matching is (A) - (III), (B) - (IV), (C) - (I), (D) - (II).