CameraIcon
CameraIcon
SearchIcon
MyQuestionIcon
MyQuestionIcon
2
You visited us 2 times! Enjoying our articles? Unlock Full Access!
Question

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?

Open in App
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.

flag
Suggest Corrections
thumbs-up
0
Join BYJU'S Learning Program
similar_icon
Related Videos
thumbnail
lock
Law of Conservation of Energy
MATHEMATICS
Watch in App
Join BYJU'S Learning Program
CrossIcon