wiz-icon
MyQuestionIcon
MyQuestionIcon
1
You visited us 1 times! Enjoying our articles? Unlock Full Access!
Question

A partner may retire with the consent of:

A
Two partners
No worries! We‘ve got your back. Try BYJU‘S free classes today!
B
Ten partners
No worries! We‘ve got your back. Try BYJU‘S free classes today!
C
Majority of the partners
No worries! We‘ve got your back. Try BYJU‘S free classes today!
D
None of the above
Right on! Give the BNAT exam to get a 100% scholarship for BYJUS courses
Open in App
Solution

The correct option is D None of the above

Retirement of a partner:

A partner may retire-

a. with the consent of all the other partners,

b. in accordance with an express agreement by the partners, or

c. where the partnership is at will, by giving notice in writing to all the other partners of his intention to retire.


flag
Suggest Corrections
thumbs-up
0
Join BYJU'S Learning Program
similar_icon
Related Videos
thumbnail
lock
Admission of a Partner
ACCOUNTANCY
Watch in App
Join BYJU'S Learning Program
CrossIcon