Question
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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