Commerce Exam > Commerce Questions > Section 41 of the Partnership Act 1932 deals ...
Start Learning for Free
Section 41 of the Partnership Act 1932 deals with which type of dissolution of a firm?
- a)By mutual agreement
- b)Compulsory dissolution
- c)By notice
- d)By order of court
Correct answer is option 'B'. Can you explain this answer?
| FREE This question is part of | Download PDF Attempt this Test |
Most Upvoted Answer
Section 41 of the Partnership Act 1932 deals with which type of dissol...
Section 41 of the Indian Partnership Act, 1932, deals with compulsory dissolution of a partnership firm. A firm is dissolved compulsorily in the following circumstances:
- When all the partners, or all but one, become insolvent, making them incapable of signing a contract.
- When the firm's business becomes illegal due to changes in law.
- When an event occurs that makes it illegal for partners to continue the business, such as one partner becoming an alien enemy due to war with their country.
This dissolution under Section 41 is termed compulsory dissolution as it arises due to legal or unavoidable conditions.
- When all the partners, or all but one, become insolvent, making them incapable of signing a contract.
- When the firm's business becomes illegal due to changes in law.
- When an event occurs that makes it illegal for partners to continue the business, such as one partner becoming an alien enemy due to war with their country.
This dissolution under Section 41 is termed compulsory dissolution as it arises due to legal or unavoidable conditions.
Attention Commerce Students!
To make sure you are not studying endlessly, EduRev has designed Commerce study material, with Structured Courses, Videos, & Test Series. Plus get personalized analysis, doubt solving and improvement plans to achieve a great score in Commerce.
|
Explore Courses for Commerce exam
|
|
Top Courses for CommerceView all
Section 41 of the Partnership Act 1932 deals with which type of dissolution of a firm?a)By mutual agreementb)Compulsory dissolutionc)By noticed)By order of courtCorrect answer is option 'B'. Can you explain this answer?
Question Description
Section 41 of the Partnership Act 1932 deals with which type of dissolution of a firm?a)By mutual agreementb)Compulsory dissolutionc)By noticed)By order of courtCorrect answer is option 'B'. Can you explain this answer? for Commerce 2024 is part of Commerce preparation. The Question and answers have been prepared according to the Commerce exam syllabus. Information about Section 41 of the Partnership Act 1932 deals with which type of dissolution of a firm?a)By mutual agreementb)Compulsory dissolutionc)By noticed)By order of courtCorrect answer is option 'B'. Can you explain this answer? covers all topics & solutions for Commerce 2024 Exam. Find important definitions, questions, meanings, examples, exercises and tests below for Section 41 of the Partnership Act 1932 deals with which type of dissolution of a firm?a)By mutual agreementb)Compulsory dissolutionc)By noticed)By order of courtCorrect answer is option 'B'. Can you explain this answer?.
Section 41 of the Partnership Act 1932 deals with which type of dissolution of a firm?a)By mutual agreementb)Compulsory dissolutionc)By noticed)By order of courtCorrect answer is option 'B'. Can you explain this answer? for Commerce 2024 is part of Commerce preparation. The Question and answers have been prepared according to the Commerce exam syllabus. Information about Section 41 of the Partnership Act 1932 deals with which type of dissolution of a firm?a)By mutual agreementb)Compulsory dissolutionc)By noticed)By order of courtCorrect answer is option 'B'. Can you explain this answer? covers all topics & solutions for Commerce 2024 Exam. Find important definitions, questions, meanings, examples, exercises and tests below for Section 41 of the Partnership Act 1932 deals with which type of dissolution of a firm?a)By mutual agreementb)Compulsory dissolutionc)By noticed)By order of courtCorrect answer is option 'B'. Can you explain this answer?.
Solutions for Section 41 of the Partnership Act 1932 deals with which type of dissolution of a firm?a)By mutual agreementb)Compulsory dissolutionc)By noticed)By order of courtCorrect answer is option 'B'. Can you explain this answer? in English & in Hindi are available as part of our courses for Commerce.
Download more important topics, notes, lectures and mock test series for Commerce Exam by signing up for free.
Here you can find the meaning of Section 41 of the Partnership Act 1932 deals with which type of dissolution of a firm?a)By mutual agreementb)Compulsory dissolutionc)By noticed)By order of courtCorrect answer is option 'B'. Can you explain this answer? defined & explained in the simplest way possible. Besides giving the explanation of
Section 41 of the Partnership Act 1932 deals with which type of dissolution of a firm?a)By mutual agreementb)Compulsory dissolutionc)By noticed)By order of courtCorrect answer is option 'B'. Can you explain this answer?, a detailed solution for Section 41 of the Partnership Act 1932 deals with which type of dissolution of a firm?a)By mutual agreementb)Compulsory dissolutionc)By noticed)By order of courtCorrect answer is option 'B'. Can you explain this answer? has been provided alongside types of Section 41 of the Partnership Act 1932 deals with which type of dissolution of a firm?a)By mutual agreementb)Compulsory dissolutionc)By noticed)By order of courtCorrect answer is option 'B'. Can you explain this answer? theory, EduRev gives you an
ample number of questions to practice Section 41 of the Partnership Act 1932 deals with which type of dissolution of a firm?a)By mutual agreementb)Compulsory dissolutionc)By noticed)By order of courtCorrect answer is option 'B'. Can you explain this answer? tests, examples and also practice Commerce tests.
|
|
Explore Courses for Commerce exam
|
|
Suggested Free Tests
Signup for Free!
Signup to see your scores go up within 7 days! Learn & Practice with 1000+ FREE Notes, Videos & Tests.
|
© EduRev
|
Education Revolution
|
|
Signup to see your scores
go up within 7 days!
Access 1000+ FREE Docs, Videos and Tests
Takes less than 10 seconds to signup