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Dissolution of Partnership Quiz

Authored by Ain Maryam Zolkipli

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University

Used 2+ times

Dissolution of Partnership Quiz
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15 questions

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1.

MULTIPLE CHOICE QUESTION

1 min • 1 pt

What does the term 'dissolution of a partnership' refer to?

Ending the partnership

Starting a new partnership

Changing partners

Increasing profits

2.

MULTIPLE CHOICE QUESTION

1 min • 1 pt

According to S.34(1), a partnership entered into for a fixed term is dissolved by what event?

Change of partners

Expiration of that term

Notice from a partner

Death of a partner

3.

MULTIPLE CHOICE QUESTION

1 min • 1 pt

What happens to a partnership if one partner dies, according to S.35(1)?

It must be reformed

It is automatically dissolved

It continues as usual

It can only continue with the deceased's family

4.

MULTIPLE CHOICE QUESTION

1 min • 1 pt

Which of the following is a reason for automatic dissolution of a partnership?

Increase in profits

Change in management

Supervening illegality

Change in business location

5.

MULTIPLE CHOICE QUESTION

1 min • 1 pt

What is required for a partner to dissolve a partnership at will?

No notice required

Written notice

Verbal agreement

Notice to all partners

6.

MULTIPLE CHOICE QUESTION

1 min • 1 pt

In the case of Subramaniam Chettiar v Kader Mastan, what was determined about notice of intention to retire?

It can be inferred from conduct

It is not necessary

It can be verbal

It must be communicated to other partners

7.

MULTIPLE CHOICE QUESTION

1 min • 1 pt

Under what condition can a court order the dissolution of a partnership due to mental disorder?

If the business is not profitable

If partners disagree

If one partner is found lunatic

If one partner is absent

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