State the legal consequences of the following as per the provisions of the Indian Partnership Act, 1932: \ni) Retirement of a partner\nii) Insolvency of a partner

(i) RETIREMENT OF A PARTNER (SECTION 32): \n(1) A partner may retire: \n(a) with the consent of all the other partners; \n(b) in accordance with an express agreement by the partners; or \n(c) where the partnership is at will, by giving notice in writing to all the other partners of his intention to retire. \n(2) A retiring partner may be discharged from any liability to any third party for acts of the firm done before his retirement by an agreement made by him with such third party and the partners of the reconstituted firm, and such agreement may be implied by a course of dealing between the third party and the reconstituted firm after he had knowledge of the retirement. \n(3) Notwithstanding the retirement of a partner from a firm, he and the partners continue to be liable as partners to third parties for any act done by any of them which would have been an act of the firm if done before the retirement, until public notice is given of the retirement: \nProvided that a retired partner is not liable to any third party who deals with the firm without knowing that he was a partner. \n(4) Notices under sub-section (3) may be given by the retired partner or by any partner of the reconstituted firm.\n(ii) Insolvency of a partner (Section 34) \n(1) The insolvent partner cannot be continued as a partner. \n(2) He will be ceased to be a partner from the very date on which the order of adjudication is made. \n(3) The estate of the insolvent partner is not liable for the acts of the firm done after the date of order of adjudication. \n(4) The firm is also not liable for any act of the insolvent partner after the date of the order of adjudication, \n(5) Ordinarily but not invariably, the insolvency of a partner results in dissolution of a firm; but the partners are competent to agree among themselves that the adjudication of a partner as an insolvent will not give rise to dissolution of the firm.