Which of these events is a ground on which the court may dissolve a firm under section 44 of the Indian Partnership Act, 1932, rather than one that dissolves it without a court order?
Question and options
Which of these events is a ground on which the court may dissolve a firm under section 44 of the Indian Partnership Act, 1932, rather than one that dissolves it without a court order?
The fixed term of the partnership has expired
A partner has become of unsound mind
A partner has been adjudicated an insolvent
A partner has died
Answer and explanation
Section 44(a) of the Indian Partnership Act, 1932 lets the court dissolve a firm, on a suit by a partner or the next friend, where a partner has become of unsound mind. The other events are contingencies under section 42 on which a firm is dissolved, subject to contract, without any court order: expiry of the term, death and adjudication of a partner as an insolvent.
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