Question

Distinguish between 'Dissolution of Partnership' and 'Dissolution of Partnership Firm' on the basis of:

1. Court's intervention
2. Economic relationship

Answer 1

S. No.	Basis	Dissolution of Partnership	Dissolution of Partnership Firm
1.	Court's intervention	Since a partnership is terminated by mutual agreement, the court does not get involved.	A court order can dissolve a business.
2.	Economic relationship	The partners' economic relationship still exists, although in a modified manner.	The partners' economic relationship comes to an end.