A, B and C are partners in a firm. B was murdered by D, who wanted to become a partner of the firm, but B had raised objections to it. The partnership deed contains a provision that the firm would not be dissolved after the death of any partner. Which of the following is correct?

Under partnership law, a deceased partner's estate is only liable for obligations and acts of the firm that existed AT THE TIME of the partner's death. The estate cannot be held liable for new acts or obligations that arise after the partner's death, even if the partnership deed prevents dissolution. Option A is incorrect because it wrongly imposes liability on the estate for post-death acts. Options C and D are irrelevant - D committed murder, which is a criminal act outside the scope of partnership liability, and D's estate has no connection to the firm's business.