Consent for admitting a new partner in a firm

In a partnership firm, the admission of a new partner is a crucial decision that requires the consent of the existing partners. The consent of the partners ensures that all the partners are on board with the decision and have agreed to accept the new partner into the firm. The question asks for the correct option regarding the consent required for admitting a new partner in the firm. Let's analyze each option:

a) Unanimous consent of all the partners:
Unanimous consent refers to the agreement or approval of all the partners in the firm. In this case, for a new partner to be admitted, every single partner must give their consent. This means that no partner can object to the admission of the new partner. This option is considered the correct answer.

b) Consent of the majority of the partners:
Majority consent implies that the decision to admit a new partner is approved by more than 50% of the partners. However, this option does not guarantee that all partners are in agreement. It is possible for a few partners to dissent or have reservations about the admission of the new partner. Consequently, this option is not the correct answer.

c) Special majority of partners:
Special majority refers to a higher threshold of consent required for a particular decision. It usually exceeds the simple majority and may require a specified percentage or a specific number of partners to give their consent. Since this option does not provide clarity on the required threshold, it is not the correct answer.

d) New partner only:
This option suggests that the new partner alone has the authority to admit themselves into the firm. However, in a partnership, the decision to admit a new partner is a collective one. Therefore, this option is not the correct answer.

In conclusion, the correct answer is option 'A', which states that a new partner can be admitted in the firm with the unanimous consent of all the partners. This ensures that all partners are in agreement and have given their approval for the admission of the new partner.