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easyMCQCUET Accountancy 2025 27 May Shift 22026Accountancy
1 mark

Under which condition can the dissolution of a Partnership Firm by a Court take place?

  1. A
    When all partners die.
  2. B
    When the business of the firm is less profitable.
  3. C
    If tenure of Partnership mentioned in Partnership Deed is extended.
  4. D
    When a partner becomes insane.

Solution & Step-by-step Explanation

Under Section 44 of the Indian Partnership Act, 1932, a court can order the dissolution of a partnership firm under specific situations on a suit filed by a partner. One of these primary conditions is when a partner has become of unsound mind (insane). Less profitability or extensions do not mandate legal court orders.

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Under which condition can the dissolution of a Partnership Firm by a Court take place?
A
When all partners die.
B
When the business of the firm is less profitable.
C
If tenure of Partnership mentioned in Partnership Deed is extended.
D
When a partner becomes insane.

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