Question

Consider the following statements

Statement 1: "Dissolution takes place when the relation among the partner's comes to an end."

Statement 2: "This can be done either voluntarily or compulsorily."

Options

• Only statement 1 is correct.

• Only statement 2 is correct.

• Both the statements are correct.

• None of the above

Answer 1

Both the statements are correct.

Explanation:

When the commercial relationship between the current partners ends, dissolution occurs. This can be done either freely or involuntarily, depending on the court's order.