ADVERTISEMENT

In case of death or insolvency of a partner the firm is?

8. In case of death or insolvency of a partner the firm is?

  1. Dissolved
  2. Carried on
  3. New owner
  4. None of the above

Answer: A) Dissolved

Explanation:

A partnership is dissolved in any case of death of any of the partners, by mutual consent, and by the insolvency of any of the partners.

Comments and Discussions!




ADVERTISEMENT
ADVERTISEMENT

Languages: » C » C++ » C++ STL » Java » Data Structure » C#.Net » Android » Kotlin » SQL
Web Technologies: » PHP » Python » JavaScript » CSS » Ajax » Node.js » Web programming/HTML
Solved programs: » C » C++ » DS » Java » C#
Aptitude que. & ans.: » C » C++ » Java » DBMS
Interview que. & ans.: » C » Embedded C » Java » SEO » HR
CS Subjects: » CS Basics » O.S. » Networks » DBMS » Embedded Systems » Cloud Computing
» Machine learning » CS Organizations » Linux » DOS
More: » Articles » Puzzles » News/Updates

© https://www.includehelp.com some rights reserved.