Question

When a partner withdraws from the partnership, the partnership dissolves. True False

Answer 1

Answer is as follows:

In order to form a Partnership, there must be atleast minimum two members. In the given case if we assume that there are only two partners, and if one partner withdraws from partnership, then the partnership dissolves. In this case given statement is TRUE. (This answer is based on primary requirement of Partnership i.e., atleast two partners).

Other Alternative: If in the given case if we assume that there are more than two partners and if one partner withdraws, still the partnership will be existence with the remaining partners. In this case given statement is FALSE.