Which of the following is true or false?
(a) When a partner dies, he leaves the firm for ever.
(b) It is treated as permanent retirement.

Both (a) and (b) are true

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(a) is true, (b) is false

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(a) is false, (b) is true

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Both (a) and (b) are false

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Solution

The correct option is A Both (a) and (b) are true
Section 32(1) of the Indian Partnership Act, 1932 deals with the provisions of the admission and retirement of a partner. According to this, when a partner dies he leaves the firm forever and because of this it is treated as permanent retirement.

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