{"id":55376,"date":"2024-04-16T00:26:19","date_gmt":"2024-04-16T00:26:19","guid":{"rendered":"https:\/\/exam.pscnotes.com\/mcq\/?p=55376"},"modified":"2024-04-16T00:26:19","modified_gmt":"2024-04-16T00:26:19","slug":"out-of-following-a-new-partner-could-be-admitted-in-a-partnership-with-consent-of","status":"publish","type":"post","link":"https:\/\/exam.pscnotes.com\/mcq\/out-of-following-a-new-partner-could-be-admitted-in-a-partnership-with-consent-of\/","title":{"rendered":"Out of following a new partner could be admitted in a partnership with consent of"},"content":{"rendered":"<p>[amp_mcq option1=&#8221;All existing partners&#8221; option2=&#8221;Any of the partner in the firm&#8221; option3=&#8221;Majority of partners&#8221; option4=&#8221;$$\\frac{2}{3}$$ majority of partner&#8221; correct=&#8221;option3&#8243;]<!--more--><\/p>\n<p>The correct answer is <strong>C. Majority of partners<\/strong>.<\/p>\n<p>A new partner can be admitted into a partnership with the consent of a majority of the existing partners. This is because, under the law of partnership, a partnership is a voluntary association of two or more persons to carry on a business for profit. The partners have the right to admit new partners into the partnership, and the consent of a majority of the existing partners is sufficient to do so.<\/p>\n<p>Option A is incorrect because it requires the consent of all existing partners. This is not always possible, as it may be difficult to get all of the partners to agree on a new partner.<\/p>\n<p>Option B is incorrect because it allows any of the partners in the firm to admit a new partner. This could lead to a situation where a new partner is admitted without the consent of the other partners, which could disrupt the partnership.<\/p>\n<p>Option D is incorrect because it requires the consent of two-thirds of the partners. This is a higher threshold than is required under the law, and it could make it difficult to admit a new partner.<\/p>\n<p>In conclusion, the correct answer is <strong>C. Majority of partners<\/strong>.<\/p>\n","protected":false},"excerpt":{"rendered":"<p>[amp_mcq option1=&#8221;All existing partners&#8221; option2=&#8221;Any of the partner in the firm&#8221; option3=&#8221;Majority of partners&#8221; option4=&#8221;$$\\frac{2}{3}$$ majority of partner&#8221; correct=&#8221;option3&#8243;]<\/p>\n","protected":false},"author":1,"featured_media":0,"comment_status":"closed","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[85],"tags":[],"class_list":["post-55376","post","type-post","status-publish","format-standard","hentry","category-accounting","no-featured-image-padding"],"yoast_head":"<!-- This site is optimized with the Yoast SEO Premium plugin v22.2 (Yoast SEO v23.3) - https:\/\/yoast.com\/wordpress\/plugins\/seo\/ -->\n<title>Out of following a new partner could be admitted in a partnership with consent of<\/title>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/exam.pscnotes.com\/mcq\/out-of-following-a-new-partner-could-be-admitted-in-a-partnership-with-consent-of\/\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"Out of following a new partner could be admitted in a partnership with consent of\" \/>\n<meta property=\"og:description\" content=\"[amp_mcq option1=&#8221;All existing partners&#8221; 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