| Assertion (A) : |
| A new partner can be admitted, if it is agreed in the partnership deed but in the absence of partnership deed, a new partner can be admitted only if all the partners agree to admit that partner. |
| Reason (R) : |
| Section 31 of the Indian Partnership Act, 1932 will be applicable. |
| Choose the Correct Option from the following: |
A) Assertion and Reason both are correct in view of Introduction of a new partner
B) Assertion and Reason both are correct but Reason is not correct explanation of assertion
C) Both Assertion and Reason are not correct
D) Only Assertion is correct
Correct Answer: A
Solution :
Assertion and Reason both are correct in view of Introduction of a new partner
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