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Q.

Assertion (A): A new partner can be admitted into a partnership firm with the consent of all the existing partners.

Reason (R): According to section31 of the Indian Partnership Act-1932 a new partner shall not be introduced into a firm without the consent of all the existing partners unless it is agreed otherwise by the partners in the partnership deed.

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a

Assertion (A) is false, but Reason (R) is true

b

Both Assertion (A) and Reason (R) are true and Reason (R) is the correct explanation of Assertion (A)

c

Both Assertion (A) and Reason (R) are true but Reason (R) is not the correct explanation of Assertion (A)

d

Assertion (A) is true, but Reason (R) is false

answer is A.

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Detailed Solution

 Option (a) is correct.

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Assertion (A): A new partner can be admitted into a partnership firm with the consent of all the existing partners.Reason (R): According to section31 of the Indian Partnership Act-1932 a new partner shall not be introduced into a firm without the consent of all the existing partners unless it is agreed otherwise by the partners in the partnership deed.