1.

Explain the types of dissolution of partnership firm.

Answer»

Dissolution of Partnership is different from the dissolution of partnership firm. It is due to the fact that when the jurally relation present between all partners, comes to an end, it is known as dissolution of firm, however, when any one of the partners become incapacitated, then the partnership between the concerned partner and other partners of the firm, comes to an end, but the firm may continue to operate, if other partners desire so.



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