Disolution order 0of court

Dissolution with out the order of court:

It may take place in one of the following ways:

1.dissolution by agreement:

A firm may be dissolved-

a.With consent of all the partners or,

b.In accordance with a contract between them

2.compulsory dissolution: a firm compulsory dissolved-

By the adjustication of all partners or all the partners but once as insolvent. The reason for this is simple. A partner on being adjusticated in solvent cases to be a partner on the date on which the order of adjustication is made.

3.dissolution on the happening of certain contegencies:

1.the expirary of them for which the firm was consisted.

2.the compelsation of the particular adventure or adventurers, if the firm is consisted for the execution thereof.

3.the death of a partner, and

4.the adjustication of a partner as an insolvent.

4.dissolution by notice of partnership:

Where the partnership is at will the firm may be dissolved by any partner giving notice in writing to all the other partners of his attention to dissolved the firm.