Q21. Consider the facts from the following related to compulsory dissolution of a partnership firm.

Q: What is the correct answer for CUET UG Business Law Q21?

The correct answer is B. Compulsory Dissolution: A firm is dissolved compulsorily in the following cases: (A) when all the partners or all but one partner, become insolvent, rendering them incompetent to sign a contract; (B) when the business of the firm becomes illegal; or (E) when some event has taken place which makes it unlawful for the partners to carry on the business of the firm in partnership.

Q: Q21. Consider the facts from the following related to compulsory dissolution of a partnership firm.

The correct answer is B. Compulsory Dissolution: A firm is dissolved compulsorily in the following cases: (A) when all the partners or all but one partner, become insolvent, rendering them incompetent to sign a contract; (B) when the business of the firm becomes illegal; or (E) when some event has taken place which makes it unlawful for the partners to carry on the business of the firm in partnership.

Q: What are the options for this CUET UG Business Law question?

A. (A), (B) and (D) only · B. (A), (B) and (E) only · C. (A), (B) and (C) only · D. (A), (B) (C) and (D) only

Question

Q21. Consider the facts from the following related to compulsory dissolution of a partnership firm.

FirstInTest · Accepted Answer

Compulsory Dissolution: A firm is dissolved compulsorily in the following cases: (A) when all the partners or all but one partner, become insolvent, rendering them incompetent to sign a contract; (B) when the business of the firm becomes illegal; or (E) when some event has taken place which makes it unlawful for the partners to carry on the business of the firm in partnership.

Answer

(A), (B) and (D) only

Answer

(A), (B) and (E) only

Answer

(A), (B) and (C) only

Answer

(A), (B) (C) and (D) only

Related Questionsin Business Law

More from CUET UG

Browse CUET Questions by Subject

Practice More CUET UG Questions