Under which circumstance may a partnership be dissolved?

Question

Quizplus · Accepted Answer

All three circumstances may result in the dissolution of a partnership. Illegality refers to situations where the partnership business becomes illegal, such as engaging in fraudulent activities or violating the law in some way. The parties may voluntarily decide to dissolve the partnership if they wish to go separate ways or if one partner wishes to retire or withdraw from the business. Operation of law may result in dissolution due to events such as the death, bankruptcy, or insanity of a partner.

Under Which Circumstance May a Partnership Be Dissolved