Dissolution takes place when the relation among the partner’s comes to an end.

Question

State whether the following statements is True or False.

Dissolution takes place when the relation among the partner’s comes to an end.

Options

• True
• False

Answer 1

True

Explanation: Dissolution takes place when the business relation among the existing partners comes to an end. This can be done either voluntarily or compulsorily, as per the order of the court of justice.