In case of death of a partner :

none of the above

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the firm is dissolved unless otherwise agreed

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the existing partner enjoys the share of deceased partner

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the estate of the deceased partner is not liable for any act of the firm after the date of his death if no public notice is given.

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Solution

The correct option is B
the firm is dissolved unless otherwise agreed

In case of death of a partner, the firm is dissolved unless otherwise agreed

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Similar questions

The deceased partner`s share in the firm is calculated in the same manner as in the case of a retiring partner. Is the statement true or false?

Why a retiring/deceased partner is entitled to a share of goodwill of the firm?

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