Question:medium

Match List-I with List-II.
List-IList-II 
(A) Dissolution by notice(I) Partnership at will
(B) Dissolution by agreement(II) When a partner becomes insane
(C) Dissolution by court(III) With the consent of all partners
(D) Compulsory Dissolution(IV) When the business of the firm becomes illegal

Updated On: Mar 26, 2026
  • (A)-(I), (B)-(II), (C) - (III), (D) - (IV)
  • (A)-(I), (B) - (III), (C) - (II), (D) - (IV)
  • (A)-(I), (B) - (II), (C)- (IV), (D) - (III)
  • (A)-(III), (B) - (IV), (C) - (I), (D)-(II)
Show Solution

The Correct Option is B

Solution and Explanation

To accurately match items from List-I to List-II, it is necessary to comprehend each dissolution type and its precise description:

  1. List-I:
    • (A) Dissolution by notice: Applicable to a partnership at will, where any partner can initiate dissolution by notifying others. Consequently, (A) corresponds to (I).
    • (B) Dissolution by agreement: This occurs when all partners mutually agree to dissolve the partnership. Therefore, (B) aligns with (III).
    • (C) Dissolution by court: A court may order dissolution if a partner becomes insane or is permanently unable to fulfill their duties. Thus, (C) is associated with (II).
    • (D) Compulsory Dissolution: This happens when the firm's business becomes illegal, necessitating dissolution. Hence, (D) matches with (IV).
  2. List-II: Based on the preceding explanations, the correct pairings are as follows:
    • (I) Partnership at will: Corresponds to (A) Dissolution by notice.
    • (II) When a partner becomes insane: Matches with (C) Dissolution by court.
    • (III) With the consent of all partners: Aligns with (B) Dissolution by agreement.
    • (IV) When the business of the firm becomes illegal: Associated with (D) Compulsory Dissolution.

The definitive matching sequence is: (A)-(I), (B)-(III), (C)-(II), (D)-(IV).

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