Unless there is a contract to the contrary, a firm is automatically dissolved on:

Related MCQs

• Identify the incorrect statements: (1) When a firm is constituted for a fixed duration it cannot be dissolved before the expiry of that duration. (2) A partnership at will can be dissolved by the wish of even a single partner. (3) When a partner of a firm becomes lunatic, the firm dissolves automatically. (4) Even after dissolution, partners of a firm continue to be liable for acts of the firm until the affairs of the firm are finally wound up. Code:
• Unless there is a contract to the contrary, the effect insolvency of a partner is that:
• A, B and C are partners of an unregistered firm. D owns this firm ` 1000 on a contract. The firm filed a suit against D the suit is dismissed for non-registration of the firm. The firm is registered later on. In this case which one of the following statements is MOST appropriate.
• Unless excluded by an agreement to the contrary, where after a contract has been made but before it has been performed, excise duty is increased
• After a firm is dissolved, every partner or his representative may restrain any other partner or his representative from carrying on similar business in the firm's name or by using firm's property for own benefit, until:
• Under Section 36 of this Act an outgoing partner may carry on business competing with that of the firm and he may advertise such business, but, subject to contract to the contrary he may not
• Are rights under a contract assignable unless the contract is personal in its nature?
• Where there is a contract for the sale of specific goods, and the goods perish before the making of contract, without the knowledge of the seller, the contract is
• In a contract of sale, unless otherwise stated, there is an implied warranty.
• Where there is a contract for the sale of………………..goods, no property in the goods is transferred to the Buyer, unless and until the goods are ascertained.