The change in the relation of partners caused by any partner's ceasing to be associated with the carrying on of the business is called:

Question

Quizplus · Accepted Answer

Dissolution is the correct term used when a partner ceases to be associated with the business. It refers to the change in the relation of partners and can occur due to death, retirement, expulsion, or insanity of a partner. Disbanding implies the complete termination of the business, which may not necessarily occur in the case of dissolution. Conclusion and suspension are not relevant in this context.

The Change in the Relation of Partners Caused by Any