Question : According to —— the dissolution of partnership between all the partners of a firm is called dissolution of the partnership firm.
Option 1: Section 38, of Indian partnership Act 1932
Option 2: Section 39, of Indian partnership Act 1932
Option 3: Section 32, of Indian partnership Act 1932
Option 4: Section 40, of Indian Partnership Act 1932
Answer (1)
25th Jan, 2024
Correct Answer: Section 39, of Indian partnership Act 1932
Solution : The dissolution of a partnership firm is defined as the dissolution of all partnerships between partners of a firm in Section 39 of the Indian Partnership Act of 1932.
Hence the correct answer is option 2.
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