Which of the following is not a correct statement concerning the reasons suffici

Question

Which of the following is not a correct statement concerning the reasons sufficient to give a court power to dissolve a partnership?
Answer

A partnership may be dissolved if one of the partners is declared physically disabled or mentally incompetent.

A partnership may be dissolved because a partner is shown to be not adequately performing his or her part of the partnership contract.

A partnership may be dissolved if the business can only be carried on with substantial continuing losses.

A partnership may be dissolved if one of the partners commits misconduct or gross negligence or materially breaches the partnership agreement.

Explanation / Answer

A partnership may be dissolved if one of the partners is declared physically disabled or mentally incompetent.

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