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Admission of New Partner

To admit a ne...

Question

To admit a new Partner, unless there is a contract to the contrary, consent is required from _________.

A

all the existing Partners.

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B

majority of the existing Partners.

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C

any one of the existing Partner.

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D

all the working Partners.

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Solution

The correct option is A all the existing Partners.
Option a is the correct answer.

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Q. Unless there is contract to the contrary, which of these requires unanimous decision by all partners.

Q. On admission of a new partner, the existing balance of ______ is not transferred to old partners capital a/c.

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