Which statements are true about the dissolution of a partnership-(A) Dissolution of a partnership is different from dissolution of a firm.(B) A partnership is dissolved when there is a death of a partner.(C) A firm is compulsorily dissolved when a partner decides to retire.(D) Dissolution of partnership cannot take place without intervention of the court.Choose the correct answer from the options given below:

Let's analyze each statement based on partnership laws:Statement (A) is True: Dissolution of a partnership refers to a change in the economic relationship among partners (reconstitution like admission, retirement, or death), whereas dissolution of a firm means the complete closure of the business operations.Statement (B) is True: In the absence of an agreement to the contrary, the death of a partner automatically dissolves the existing partnership relation among the surviving partners.Statement (C) is False: When a partner retires, it leads to the dissolution of the partnership (reconstitution), but the remaining partners can choose to continue the business. The firm is not compulsorily dissolved.Statement (D) is False: Dissolution of a partnership (reconstitution) happens voluntarily or automatically (e.g., via admission, retirement, death) without any intervention of the court. Even a firm can be dissolved voluntarily under Section 40 or by agreement without court orders.Thus, only statements (A) and (B) are true.