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Question
Explain the types of dissolution of the partnership firms.
Short Note
Solution
Dissolution of Partnership is different from the dissolution of the partnership firm. It is due to the fact that when the jurally relation present between all partners, comes to an end, it is known as dissolution of the firm, however, when any one of the partners becomes incapacitated, then the partnership between the concerned partner and other partners of the firm comes to an end, but the firm may continue to operate if other partners desire so.
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Dissolution of Partnership
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