Question

A partner may retire _____________________.

• A. With the consent of all the partners
• B. In accordance with an express agreement by the partners
• C. Where the partnership is at will, by giving notice in writing to all the other partners of his intention to retire.
• D. Any of the above

Answer 1

The correct option is D Any of the above

There are various situations due to which a partner may retire and they ar listed below:

When all the partners agree with retiring partner to let him break the deed due to any reason.

As per the agreement a partner can retire when his tenure with the firm is finished as mentioned in agreement.

He can give notice to other partners about his retirement but in that case partnership must be at will, that is, any partner can do anything as per his wish.