Amendment status not verified — confirm the current text below against the official source.
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. d) by the adjudication of a partner as an insolvent. Short Note -Sec 42. = On completion of the work, partnership come to an end - Dayalal vs. Harjeevan, AIR 1983 NOC 20(Guj). AIR 1954 Patna 63: Shanta Ram vs. Sripada, AIR 1974 Karanataka 110. -Sec. 42- Partnership will be deemed to bed dissolved after expiry of the fixed period -AIR 1974 SC 1094 AIR 1946 All 489