A firm is compulsorily dissolved if -. (1) All partners are adjudicated insolvent (2) The firm has been continuously suffering losses (3) Partnership has various adventures & one such adventure becomes illegal. (4) All of the partners except one, are adjudicated insolvent (5) If the business of the firm becomes illegal because of some subsequent events, such as change in law A (4). (1) & (5) B C D (3). (2) & (4) (5). (2). (4) & (1) (1). (3). (4) & (5)