Question

Where the notice of dissolution does not mention any date as the date of dissolution, the firm shall be dissolved?

• A. On the date on which the notice is sent
• B. On the date on which the notice is communicated
• C. On the date which is decided by partners
• D. Firm is deemed to have not been dissolved

Hint:

If dissolution notice does not mention a date, dissolution takes effect from the date of communication of the notice.

Answer 1

The Correct Option is B

Concept: Under partnership law, a partnership at will may be dissolved by notice. If no specific date is mentioned, the date of communication becomes important.

Step 1: Understand notice of dissolution.
A partner may give notice to dissolve a firm when the partnership is at will. \[ \text{Notice of dissolution} \Rightarrow \text{Dissolution of firm} \]

Step 2: Check if date is mentioned.
If the notice mentions a date of dissolution, the firm is dissolved from that date.

Step 3: Check if no date is mentioned.
If no date is mentioned in the notice, the firm is dissolved from the date on which the notice is communicated. \[ \text{No date in notice} \Rightarrow \text{Date of communication} \] Therefore, the correct answer is option (B).