Match List-I with List-II

List-I	List-II
(A). Compulsory Dissolution	(I). Partner becomes insane.
(B). Dissolution by notice	(II). Death of a partner.
(C). Dissolution by Court	(III). Business become illegal.
(D). Dissolution on certain contingencies	(IV). Partnership at will.

Choose the correct answer from the options given below:

Under the Partnership Act, 1932, dissolution of partnership occurs under different circumstances:

(A) Compulsory Dissolution → (III) Business becomes illegal

When the business of the firm becomes unlawful or illegal, the partnership must be dissolved. This is covered under Section 41 of the Partnership Act. For example, if partners are carrying on a business that subsequently becomes prohibited by law, dissolution becomes mandatory.

(B) Dissolution by notice → (IV) Partnership at will

When there is no fixed term or specific venture mentioned in the partnership agreement, it becomes a partnership at will. Under Section 43, any partner can dissolve such partnership by giving written notice to all other partners. The partnership dissolves from the date mentioned in the notice.

(C) Dissolution by Court → (I) Partner becomes insane

A partner can approach the court under Section 44 to seek dissolution on specific grounds. When a partner becomes of unsound mind (insane), any other partner can file a suit for dissolution through court intervention. The court has the discretion to dissolve based on the circumstances.

(D) Dissolution on certain contingencies → (II) Death of a partner

Under Section 42, partnership automatically dissolves on occurrence of certain events without requiring any action. Death of a partner is one such contingency that leads to automatic dissolution unless the partnership deed states otherwise.

Correct matching: (A)-(III), (B)-(IV), (C)-(I), (D)-(II)

Option 4 is correct.