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Share in Partnership can be transferred by consent of _______ the partner
- a)All
- b)Majority
- c)No consent required
- d)None of these
Correct answer is option 'A'. Can you explain this answer?
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Share in Partnership can be transferred by consent of _______ the part...
Consent of the Partner in Sharing Partnership
- All Partners: Share in Partnership can be transferred by the consent of all partners. This means that all partners must agree to the transfer of the share.
- Majority: It is not sufficient for just a majority of partners to consent to the transfer of share in partnership. Unanimous agreement is required.
- No Consent Required: In some cases, the partnership agreement may specify that certain transfers do not require the consent of all partners. However, this is not common and usually, all partners' consent is required.
- None of these: This option is incorrect as the correct answer is that the consent of all partners is required for transferring share in partnership.
It is important for partners to communicate and collaborate effectively when it comes to making decisions about the partnership, including the transfer of shares. Clear communication and agreement among all partners can help maintain a harmonious and successful partnership.
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Share in Partnership can be transferred by consent of _______ the partnera)Allb)Majorityc)No consent requiredd)None of theseCorrect answer is option 'A'. Can you explain this answer?
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