Question:
Which of the following is not a condition for the application of Garner vs. Murray case decision in the Dissolution of Partnership Firm?
Which of the following is not a condition for the application of Garner vs. Murray case decision in the Dissolution of Partnership Firm?
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Always check the legal conditions carefully for partnership dissolution cases.
Updated On: Sep 18, 2025
- There must be more than two partners in the firm
- There are at least two solvent partners with credit balances in their Capital Accounts on the date of dissolution
- At least one partner is insolvent
- There is an agreement among the partners to share insolvency loss in a particular ratio
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The Correct Option is A
Solution and Explanation
Garner vs. Murray applies when there are at least two solvent partners and at least one insolvent partner. The number of partners being more than two is not a condition.
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