Match List-I with List-II
| List – I |
List – II |
| Compulsory Dissolution |
Partner becomes insane |
| Dissolution by notice |
Death of a partner |
| Dissolution by Court |
Business become illegal |
| Dissolution on certain contingencies |
Partnership at will |
Choose the correct answer from the options given below:
Correct Answer :
(A) - (III), (B) - (IV), (C) - (I), (D) - (II)
Solution :
The correct answer is (A) - (III), (B) - (IV), (C) - (I), (D) - (II).
Let us match the concepts of dissolution of a partnership firm from List-I with their corresponding scenarios in List-II step-by-step:
1. (A) Compulsory Dissolution matches with (III) Business becomes illegal:
Under Section 41 of the Indian Partnership Act, 1932, a firm is dissolved compulsory if the business of the firm becomes unlawful or illegal due to the happening of any event. Therefore, Compulsory Dissolution (A) corresponds to Business becomes illegal (III).
2. (B) Dissolution by notice matches with (IV) Partnership at will:
According to Section 43 of the Indian Partnership Act, 1932, where the partnership is "at will", any partner may dissolve the firm by giving notice in writing to all the other partners of their intention to dissolve the firm. Therefore, Dissolution by notice (B) corresponds to Partnership at will (IV).
3. (C) Dissolution by Court matches with (I) Partner becomes insane:
Under Section 44 of the Act, a court may order the dissolution of a firm if a partner has become of unsound mind (insane). Thus, Dissolution by Court (C) corresponds to Partner becomes insane (I).
4. (D) Dissolution on certain contingencies matches with (II) Death of a partner:
Section 42 of the Indian Partnership Act states that subject to contract between the partners, a firm is dissolved by the happening of certain contingencies, one of which is the death of a partner. Therefore, Dissolution on certain contingencies (D) corresponds to Death of a partner (II).
Combining all these matches, we get:
(A) - (III)
(B) - (IV)
(C) - (I)
(D) - (II)
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