Question 7 of 53beginner💡 UnderstandTrue / False1 mark
Court can order a firm to be dissolved when a partner becomes insane.
Correct Answer
True. Under the grounds for Dissolution by Court, the court may order a partnership firm to be dissolved when a partner becomes insane.
Exercise: Test your Understanding – I | Q: 7 | (Page 3)
For More Understanding
Explanation
The textbook context explicitly lists 'when a partner becomes insane' as one of the grounds under 'Dissolution by Court'. This is mentioned under point 5(a) which states that at the suit of a partner, the court may order dissolution on this ground.