Practicing Success
Practicing Success
CUET Preparation Today
A new partner may be admitted into a partnership: |
With the consent of any one partner With the consent of majority of partners With the consent of All the old partners With the consent of 2/3rd of old partners |
With the consent of All the old partners |
The correct answer is option 3- With the consent of All the old partners. A new partner may be admitted when the firm needs additional capital or managerial help. According to the provisions of Partnership Act 1932 unless it is otherwise provided in the partnership deed a new partner can be admitted only when the existing partners unanimously agree for it. |
