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Previous Lecture Duties of Partner Partnership is Different Organization.

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Presentation on theme: "Previous Lecture Duties of Partner Partnership is Different Organization."— Presentation transcript:

1 Previous Lecture Duties of Partner Partnership is Different Organization

2 Partnership - 4 Lecture # 12

3 Dissolution 1. Dissolution of Partnership 2. Dissolution of Firm 3. Dissolution through Court

4 1. Dissolution of Partnership Expiry of the Term Completion of Adventure

5 1. Dissolution of Partnership Death of any Partner Insolvency of any Partner

6 1. Dissolution of Partnership Retirement of any Partner Expiry of the Term

7 2. Dissolution of Firm Mutual Consent Insolvency of All Partners but one

8 2. Dissolution of Firm Business become Illegal Notice of dissolution

9 3. Dissolution through Court Any Partner become of Unsound Mind Permanent Incapability of Partner Misconduct of a Partner Affecting Business Persistent disregard of Agreement by a Partner

10 3. Dissolution through Court Transfer of interest by a Partner Business working at Loss Where Just and Faithful

11 Next Lecture Sale of Goods


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