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Explain the ways in which a Partnership may be dissolved without a court order.

      

Explain the ways in which a Partnership may be dissolved without a court order.

  

Answers


Maurice
(i) Performance of the undertaking. Completion of the undertaking.

(ii) Lapse of time-if the duration is fixed.

(iii) At will: - a partner notifies the others of his intention to have the firm dissolved.

(iv) Mutual consent. If all partners agree.

(v) Death of a partner. Unless the partnership deed otherwise provides.

(vi) Bankruptcy of a partner. Unless the partnership deed otherwise provides.

(vii) Illegality: if the firms business becomes illegal by reason of change of law.

(viii) Charging of a partners by a court order for a private debt.
maurice.mutuku answered the question on April 25, 2018 at 06:58


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