Question

According to the features of partnership shown in the image, what is required for a partner to transfer their ownership interest to someone outside the firm?

Options

• Court approval.

• Consent of all partners.

• Registration with the government.

• Signing a new deed.

Answer 1

Consent of all partners.

Explanation:

A partner’s share can't be transferred to an outsider without the consent of all partners (Transfer of Interest).