A firm stands dissolve in the following cases 1. the partners agree that the firm should be dissolved. 2. the business becomes legal. 3. in case of partnership at will, a partner gives notice of dissolution. 4. the court orders dissolution. Select the correct answer: A. 1, 2 and 4 B. Only 3 C. Both 2 and 3 D. Only 2

The correct answer is A. 1, 2 and 4.

A partnership is dissolved when the partners agree that the firm should be dissolved, when the business becomes illegal, when a partner gives notice of dissolution in case of partnership at will, or when the court orders dissolution.

Option 1 is correct because the partners can agree to dissolve the partnership at any time.

Option 2 is correct because a partnership is dissolved when the business becomes illegal. For example, if the partnership is involved in illegal activities, the partnership will be dissolved.

Option 3 is correct because a partnership at will can be dissolved by any partner giving notice to the other partners.

Option 4 is correct because a partnership can be dissolved by a court order. For example, if the partners are unable to agree on how to manage the partnership, the court may order the partnership to be dissolved.

I hope this helps!