Question

Match List-I with List-II:\[\begin{array}{|c|c|} \hline \text{List-I} & \text{List-II} \\ \hline \text{(A) Compulsory Dissolution} & \text{(I) Partner becomes insane} \\ \hline \text{(B) Dissolution by notice} & \text{(II) Death of a partner} \\ \hline \text{(C) Dissolution by Court} & \text{(III) Business becomes illegal} \\ \hline \text{(D) Dissolution on certain contingencies} & \text{(IV) Partnership at will} \\ \hline \end{array}\]Choose the correct answer from the options given below:

• (A) - (I), (B) - (II), (C) - (III), (D) - (IV)
• (A) - (III), (B) - (IV), (C) - (I), (D) - (II)
• (A) - (II), (B) - (I), (C) - (IV), (D) - (III)
• (A) - (III), (B) - (IV), (C) - (II), (D) - (I)

Hint:

Remember: Compulsory = illegality, Notice = partnership at will, Court = insanity, Contingencies = death/insolvency of a partner.

Answer 1

The Correct Option is B

(A) Compulsory Dissolution: Occurs when a business becomes illegal. This is a correct match.
(B) Dissolution by Notice: Applicable to a Partnership at Will, which is a correct scenario.
(C) Dissolution by Court: A court can mandate dissolution if a partner develops insanity. This is correct.
(D) Dissolution on Certain Contingencies: This category encompasses events such as the death of a partner. This is correct. Conclusion: The correct pairings are (A)-(III), (B)-(IV), (C)-(I), and (D)-(II). Final Answer: \[\boxed{(A) - (III), \, (B) - (IV), \, (C) - (I), \, (D) - (II)}\]