A partnership is dissolved due to

JAMB Commerce 2023 180 views
Source: JAMB · 2023

A partnership is dissolved due to

  1. liquidity of the firm
  2. death of the employee
  3. insanity of a partner ✓
  4. resignation of an employee
Explanation

A partnership can be dissolved if a partner becomes of unsound mind, because he can no longer carry out his duties. So insanity of a partner is a ground for dissolution.

An employee’s death or resignation does not affect the partnership, since employees are not partners.

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