Anthony,a partner of a partnership firm,was convicted for rash driving.Following this,all other partners dissociated him from the partnership,as per the terms of the agreement.This is an example of a ________ dissociation.
A)wrongful
B)nonwrongful
C)discriminatory
D)valid

Question

Quizplus · Accepted Answer

An example of nonwrongful dissociation is expulsion of a partner in accordance with the partnership agreement.For example,the removal of a partner who has been convicted of a crime causes a dissociation from the partnership if the partnership agreement allows removal on such grounds.

Anthony,a Partner of a Partnership Firm,was Convicted for Rash Driving