Home › CA Foundation › businesslaw › Partnership — Registration and Dissolution › A partner suffers a temporary illness (typhoid) …
A partner suffers a temporary illness (typhoid) and cannot work for a few weeks. This is:
ACompulsory dissolution
BA ground for dissolution by court
CDissolution by contingency
DNot a ground for dissolution, as it is not permanent incapacity
Answer & Solution
Correct answer: D. Not a ground for dissolution, as it is not permanent incapacity
Only permanent incapacity (or unsoundness of mind) is a court ground; temporary sickness does not justify dissolution.
Related questions
A notice of dissolution of a partnership at will, once given:Public notice is NOT required in the case of:Under Section 49, where there are joint (firm) debts and separate (partner) debts, the firUnder Section 48, the assets of the firm (after dissolution) are applied in which order?Under Section 48, in settling accounts after dissolution, losses (including capital deficiUnder Section 47, after dissolution the authority of partners to bind the firm continues oUnder the proviso to Section 45, even without public notice, no liability for post-cessatiUnder Section 45, after dissolution the partners continue to be liable to third parties fo