A majority consent of all the partners is necessary when admitting a new partnerGroup of answer choicesTrueFalse
Question
Solution 1
To answer the question, we need to understand the statement. It states that a majority consent of all the partners is necessary when admitting a new partner.
Step 1: Determine the meaning of "majority consent." Majority consent refers to the agreement or approval of more than half of the partners Knowee AI StudyGPT is a powerful AI-powered study tool designed to help you to solve study prob
Knowee AI StudyGPT is a powerful AI-powered study tool designed to help you to solve study problem.
Knowee AI StudyGPT is a powerful AI-powered study tool designed to help you to solve study problem.
Knowee AI StudyGPT is a powerful AI-powered study tool designed to help you to solve study problem.
Knowee AI StudyGPT is a powerful AI-powered study tool designed to help you to solv
Similar Questions
A majority consent of all the partners is necessary when admitting a new partnerGroup of answer choicesTrueFalse
A unanimous consent of all the partners is necessary when admitting a new partnerGroup of answer choicesTrueFalse
Partners who are partners as to each other are partners as to third persons.Group of answer choicesTrueFalse
The partners cannot stipulate a future date for the commencement of a partnership.Group of answer choicesTrueFalse
A majority of the board of directors is sufficient to declare stock dividends.Group of answer choicesTrueFalse