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

To match the items in List-I with List-II accurately, we need to understand each type of dissolution and its correct description:

1. List-I:
   • (A) Dissolution by notice: This applies to a partnership at will, where any partner can dissolve the partnership by giving notice to the other partners. Thus, (A) matches with (I).
   • (B) Dissolution by agreement: This occurs with the consent of all partners agreeing to dissolve the partnership. Therefore, (B) matches with (III).
   • (C) Dissolution by court: A court may dissolve a partnership if a partner becomes insane or is permanently incapable of performing their duties. Thus, (C) matches with (II). 
   • (D) Compulsory Dissolution: This happens when the business of the firm becomes illegal, forcing the partnership to dissolve. Hence, (D) matches with (IV).
2. List-II: Using the understanding from above, the correct matches are as follows:
   • (I) Partnership at will: Matches with (A) Dissolution by notice.
   • (II) When a partner becomes insane: Matches with (C) Dissolution by court.
   • (III) With the consent of all partners: Matches with (B) Dissolution by agreement.
   • (IV) When the business of the firm becomes illegal: Matches with (D) Compulsory Dissolution.

Therefore, the correct matching option is: (A)-(I), (B)-(III), (C)-(II), (D)-(IV).

Answer 2

The question asks to match the types of dissolution with their corresponding explanations based on the nature of the dissolution.

• Dissolution by notice (A):
  This type of dissolution occurs when one partner gives notice to the other partners to dissolve the partnership. This is applicable in the case of a Partnership at will, where any partner can terminate the partnership by giving notice.
  So, (A) matches with (I) Partnership at will.
• Dissolution by agreement (B):
  Dissolution by agreement happens when all the partners mutually decide to dissolve the partnership. This is with the consent of all partners.
  Therefore, (B) matches with (III) With the consent of all partners.
• Dissolution by court (C):
  A partnership can also be dissolved by the court under certain circumstances, such as when a partner becomes insane or is incapable of carrying out their duties.
  Therefore, (C) matches with (II) When a partner becomes insane.
• Compulsory Dissolution (D):
  This occurs when the business of the partnership becomes illegal, which requires the dissolution of the firm.
  Thus, (D) matches with (IV) When the business of the firm becomes illegal.

Thus, the correct matching is (2): (A)-(I), (B)-(III), (C)-(II), (D)-(IV).