Following differences have arisen among P,Q and R. State who is correct in following case: Q and R want to admit C as partner, P does not agree?
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Solution
Partnership is relation between two or more persons sharing profits of the business carried on by them. It is based on a mutual relationship and understanding.
For every decision regarding the partnership business, every partner need to give his/her consent to that effect. If any of the partner disagrees ,then it cannot be enforced.
So, Q and R cannot admit C as a partner without the consent of P.