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A partnership firm is compulsorily dissolved where: 
  • a)
    All Partners have become insolvent 
  • b)
    Firm’s business has become unlawful 
  • c)
    The fixed term has expired 
  • d)
    In case (a) & (b) only 
Correct answer is option 'D'. Can you explain this answer?
Most Upvoted Answer
A partnership firm is compulsorily dissolved where:a)All Partners have...
Has completed the purpose for which it was formedc)All Partners have mutually agreed to dissolved)One of the Partners has become insanee)One of the Partners has transferred his share in the firm to a third party.
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A partnership firm is compulsorily dissolved where:a)All Partners have become insolventb)Firm’s business has become unlawfulc)The fixed term has expiredd)In case(a) & (b) onlyCorrect answer is option 'D'. Can you explain this answer?
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