Question

A partner in a firm ______.

Options

• can transfer his share to an outsider without the consent of other partners

• can transfer his share to an outsider with the consent of all to her partners

• cannot transfer his share to an outsider

• None of the above

Answer 1

A partner in a firm cannot transfer his share to an outsider.

Explanation:

In a partnership, a partner cannot transfer his or her share to an outsider unless all partners agree.