on 17 pred ed out of A compulsory dissolution of the firm takes place under the following circumstances: Where the business becomes illegal II. Where all the partners or all except one partner dies Where only one partner, become insolvent or insarse rendering him incompetent to sign a contract og question III LIN II, III III, HI 18 What is sacrificina ratin 18 What is sacrificing ratio 10 Thomson The ratio in which the retiring partners have agreed to sacrifice their shares in profit in favor of a new partner The ratio in which the old partners have agreed to sacrifice their shares in profit in favor of a new partner The ratio in which the deceased partners have agreed to sacrifice their shares in profit in favor of a new partier The ratio in which the new partner has agreed to sacrifice their shares in profit in favor of a new partner Question 19 Not yet answered An existing partnership dissolves whenever the reconstitution of the existing firm is caused by except Marked out of 100 Flag question Death of a partner Retirement of a partner Admission of a partner Dissolution of a partner 20 The consideration which a new partner pays to the old partners for the right to participate in the division of future profits is called Sacrificing Goodwill Gaining Capital 21 A partnership between the partners ends under the following circumstances except od out of question Dissolution of a partner Death of a partner Admission of a new partner Retirement of a partner