Partnership Act, 1932 — section 42

42. Dissolution on the happening of certain contingencies..—Subject to contract between the partners a firm is dissolved

(a)if constituted for a fixed term, by the expiry of that term ;

(b)if constituted to carry out one or more adventures or undertakings, by the completion thereof ;

(c)by the death of a partner ; and

(d)by the adjudication of a partner as an insolvent.