Assertion :An incoming partner will be liable for debts or liabilities of the firm before he becomes a partner. Reason: Even in case of invalid expulsion a partner has no right to claim damages.

Both Assertion and Reason are correct and Reason is the correct explanation for Assertion

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Both Assertion and Reason are correct but Reason is not the correct explanation for Assertion

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Assertion is correct but Reason is incorrect

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Both Assertion and Reason are incorrect

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Solution

The correct option is D Both Assertion and Reason are incorrect
According to the Partnership Act, 1932, a partner becomes liable for the firm's debts or liabilities only after coming into the partnership agreement from date mentioned in the agreement.

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