The total amount due to the deceased partner is paid in cash to the executor immediately after his death.

Question

State whether the following statements are True or False with reasons.

The total amount due to the deceased partner is paid in cash to the executor immediately after his death.

Answer 1

This statement is False.

Depending on the availability of sufficient cash or bank balance the total amount due to the deceased partner is paid. However, it is not at all necessary to make immediate payment to the legal heir or representative of the deceased partner.