Highlight the circumstances under which a partnership would be dissolved on the application of a partner

• A partner has become a lunatic or is permanently of unsound mind.
• A partner is permanently incapable of discharging his obligations as a partner.
• A partner is continuously guilty of willful breach of the partnership agreement.
• The partnership business can only be carried on at a loss.
• Circumstances are such that it is just and equitable that the partnership be dissolved.
• A partner has behaved in a manner unfairly prejudicial to the firm and his continued association is likely to bring the firms name into disrepute.

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