Search SchoolNGR

Wednesday, 11 November 2026
Register . Login

A partnership is dissolved due to

A partnership is dissolved due to
Take Free Practice Test On 2026 JAMB UTME, Post UTME, WAEC SSCE, GCE, NECO SSCE
  • A Resignation of an employee
  • B Liquidity of the firm
  • C Death of the employee
  • D Insanity of a partner
Correct Answer: Option D
Explanation:
The insanity of a partner can lead to the dissolution of a partnership, subject to the applicable partnership agreement and law. Other circumstances that may result in dissolution include the death or bankruptcy of a partner and the expiration of the agreed period.

Share question on: