Question

Match List-I with List-II.

List-I	List-II
(A) Dissolution by notice	(I) Partnership at will
(B) Dissolution by agreement	(II) When a partner becomes insane
(C) Dissolution by court	(III) With the consent of all partners
(D) Compulsory Dissolution	(IV) When the business of the firm becomes illegal

• A. (A)-(I), (B)-(II), (C) - (III), (D) - (IV)
• B. (A)-(I), (B) - (III), (C) - (II), (D) - (IV)
• C. (A)-(I), (B) - (II), (C)- (IV), (D) - (III)
• D. (A)-(III), (B) - (IV), (C) - (I), (D)-(II)

Answer 1

The Correct Option is B

Dissolution by notice is matched with Partnership at will (A)-(I), as a partner can dissolve the firm by giving notice. - Dissolution by agreement is matched with With the consent of all partners (B)-(III), as partners can agree to dissolve the firm. - Dissolution by court is matched with When a partner becomes insane (C)-(II), since the court can dissolve the partnership in such cases. - Compulsory Dissolution is matched with When the business of the firm becomes illegal (D)-(IV), since illegal business activities automatically lead to dissolution.