Explain the condition for dissolving a partnership. – NABTEB QUESTION

The conditions for dissolving a partnership are:

1. At the expiration of the fixed time for which the partnership was formed
2. By court order to dissolve the association.
3. When one partner gives notice to the others of his intention to dissolve the firm
4. At the death of partner or if he is declared bankrupt
5. By the termination of the venture or undertaking for which the business was formed
6. The happening of an event which causes the partnership to become illegal