Section 42Dissolution on the happening of certain contingencies

s. 42

42. Dissolution on the happening of certain contingencies Subject to contract between the partners a firm is dissolved- (a) if constituted for a fixed term, by the expiry of that term; (b) if constituted to carry out one or more adventures or undertakings, by the completion thereof; (c) by the death of a partner; and (d) by the adjudication of a partner as an insolvent.