Discuss the circumstances under which the court might order the dissolution of a partnership
The court might decree dissolution of a partnership on the following circumstances
- When a person is adjudged a lunatic or is shown to the satisfaction of the court to be of permanently unsound mind,
- When a partner, other than the partner suing, become in any other way permanently incapable of performing his part of the partnership contract.
- When a partner, other than the one suing, has been guilty of such conduct as, in the opinion of the court, regard being had to the nature of the business, is calculated to affect prejudicially the carrying on the business.
- When a partner, other than the partner suing, wilfully or persistently commits a breach of the partnership agreement.
- When the business of the partnership can only be carried at a loss,
- When in the opinion of the court circumstances arise that renders it just and equitable the partnership be dissolved.