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4. The following are the reasons for the court to grant an order of dissolution of a partnership EXCEPT* no opportunity of making profit expiration

4. The following are the reasons for the court to grant an order of dissolution of a partnership EXCEPT*

no opportunity of making profit

expiration of a fixed term.

a partner becomes permanently of unsound mind

breach of the partnership agreement by a partner.

25. If a firm appoints a partner without a specific duration of partnership, this partnership is considered as a _____*

partnership with a duration

partnership with fixed term

partnership forever

partnership at will

26. Under Section 35(1) of Partnership Act 1961, every partnership is dissolved by the _____ or bankruptcy of any partner.*

death

lunatic

permanent incapacity

unsoundmind

27. Dissolution by supervening illegality means _____*

dissolution by completing the project

dissolution by the ending of certain event

dissolution by sudden change in circumstance

dissolution by the expiry of certain term

28. Partnership may not likely be dissolved on the ground of unsound mind of partner unless _____*

it has been agreed by all partners

it is not affect the performance of the firm

it is prove that the partner is sound mind

a solid medical evidence is given to the court

29. Towards what extends does a bad behavior can cause a partnership to be dissolved by the court?*

the bad behavior affect the firm prejudicially

the bad behavior not a serious misconduct

the bad behavior not affect the firm at all

the bad behavior cause problems to the other partners

30. According to Section 37(e) of Partnership Act 1961, a firm who is impossible to make a profit can apply to dissolve the firm because _____*

not give any benefits to the partners

wasting of their time

partnership exists to make profits

not a productive firm

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