Question

A new partner may be admitted into a partnership:

• A. with the consent of any one partner
• B. with the consent of majority of partners
• C. with the consent of all old partners
• D. with the consent of 2/3rd of old partners

Hint:

When admitting a new partner, ensure the unanimous consent of all existing partners to avoid conflicts and disputes in the partnership.

Answer 1

The Correct Option is C

Step 1: Understanding the requirement for admitting a new partner.
To admit a new partner in a partnership, all the existing partners must agree unanimously. This ensures that the rights and interests of all existing partners are protected.

Step 2: Identifying the correct condition.
The admission of a new partner cannot be decided by a majority or a subset of the partners. It must be with the consent of all old partners, as partnership agreements typically emphasize unanimity for such critical decisions.