As per the Indian Partnership Act, 1932, a new partner can only be admitted with the consent of all existing partners, unless there is an agreement stating otherwise. This ensures mutual trust and agreement among all partners.
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Question
A new partner may be admitted into a partnership ______.
Options
With the consent of any one partner
With the consent of majority of partners
With the consent of all old partners
With the consent of `2/3`rd of old partners
MCQ
Fill in the Blanks
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Solution
A new partner may be admitted into a partnership with the consent of all old partners.
Explanation:
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