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A firm may not be dissolv ed by court in the following condition:
- a)When a partner becomes permanently incapable of performing his duties as a partner.
- b)When a partner is guilty of misconduct which is likely to adversely affect the business of the firm.
- c)When a partner persistently commits breach of partnership agreement.
- d)When all the partner giv e their consent for dissolution.
Correct answer is option 'D'. Can you explain this answer?
Most Upvoted Answer
A firm may not be dissolv ed by court in the following condition:a)Whe...
Explanation:
Partner Consent for Dissolution
When all the partners give their consent for dissolution, the court does not have the authority to dissolve the firm. This is because dissolution requires the unanimous agreement of all partners, and if they have already agreed to dissolve the firm, there is no need for court intervention.
Other Conditions for Dissolution
- A firm may be dissolved by court if a partner becomes permanently incapable of performing their duties, as this can significantly impact the firm's operations.
- Misconduct by a partner that affects the business of the firm can also be grounds for dissolution.
- Persistent breach of the partnership agreement by a partner can lead to the dissolution of the firm.
Conclusion
In conclusion, while there are certain conditions under which a firm may be dissolved by court intervention, the unanimous consent of all partners for dissolution is not one of them. This highlights the importance of clear communication and agreement among partners when deciding to dissolve a firm.
Partner Consent for Dissolution
When all the partners give their consent for dissolution, the court does not have the authority to dissolve the firm. This is because dissolution requires the unanimous agreement of all partners, and if they have already agreed to dissolve the firm, there is no need for court intervention.
Other Conditions for Dissolution
- A firm may be dissolved by court if a partner becomes permanently incapable of performing their duties, as this can significantly impact the firm's operations.
- Misconduct by a partner that affects the business of the firm can also be grounds for dissolution.
- Persistent breach of the partnership agreement by a partner can lead to the dissolution of the firm.
Conclusion
In conclusion, while there are certain conditions under which a firm may be dissolved by court intervention, the unanimous consent of all partners for dissolution is not one of them. This highlights the importance of clear communication and agreement among partners when deciding to dissolve a firm.
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A firm may not be dissolv ed by court in the following condition:a)Whe...
Partner’s consent not required by court.
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A firm may not be dissolv ed by court in the following condition:a)When a partner becomes permanently incapable of performing his duties as a partner.b)When a partner is guilty of misconduct which is likely to adversely affect the business of the firm.c)When a partner persistently commits breach of partnership agreement.d)When all the partner giv e their consent for dissolution.Correct answer is option 'D'. Can you explain this answer?
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