In which of the following cases, a partnership firm may be dissolved ? X. On the death of a partner Y. On the insolvency of a partner Z. On the retirement of a partner Correct option is —

CS CSEET · Business Environment and Entrepreneurship & Business Management, Ethics and Communication · PYQS · December 2013
In which of the following cases, a partnership firm may be dissolved ? X. On the death of a partner Y. On the insolvency of a partner Z. On the retirement of a partner Correct option is —
(A) X and Y
(B) X and Z
(C) Y and Z
(D) X, Y and Z.

Answer & Explanation:

Correct Answer: Option (D)

Correct answer: (D) X, Y and Z..

Topics: Business Laws

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