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Question

A new partner can be admitted in the firm with the consent of ___________________.

A
Unanimous consent of all the partners
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B
Consent of the majority of the partners
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C
Special majority of partners
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D
New partner only
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Solution

The correct option is A Unanimous consent of all the partners
A new partner can be admitted in the firm with the consent of unanimous consent of all the partners. Admission of partner in the partnership firm and the share of the new partner is decided with the consent of the existing partners of the partnership entity. Every partner is an agent of the partnership firm.

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