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Question
Which of the following is not a feature of partnership?
Options
Partnership is based on mutual trust and confidence.
Partnership business can be carried on by all the partners or by any of them acting on behalf of others.
Partners can transfer his share in the partnership without the prior consent of all other partners.
A partnership firm has no separate legal existence independent of the partners.
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Solution
Partners can transfer his share in the partnership without the prior consent of all other partners.
Explanation:
One of the key features of a partnership is “Restriction on Transfer of Interest,” which means no partner can transfer their share in the partnership without the prior consent of all other partners. This ensures mutual agreement among partners regarding changes in the partnership structure.
