Q: What do we mean by Dissolution of partner on happening of contingent event ?

Ans: Dissolution on the happening of contingent event (S.42): 

According to section 42 of partnership act,  1932 , a firm may be dissolved on the happening of any of the following contingent event: 

(i) Expiry of Fixed Period


(ii) On achievement of specific task


(iii) Death of Partner



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