Law · Indian Partnership Act
If a partner withdraws from a firm by effectively bringing about the dissolution of the firm itself, then legal terms describe it as:
Verified Solution4 OptionsUpdated: October 2026👁️1 View
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- 1An expulsion of a partner from the firm
- 2Merely a retirement of a partner with business continuation
- 3A novation of contract and not retirement of a partner
- 4A dissolution of the firm and not merely a retirement of a partner✓
Correct answer
A dissolution of the firm and not merely a retirement of a partner
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