A majority consent of all the partners is necessary when admitting a new partnerGroup of answer choicesTrueFalse

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 in the partnership.

Step 2: Understand the requirement for admitting a new partner. According to the statement, when admitting a new partner, the majority consent of all the partners is necessary. This means that more than half of all the partners must agree to admit the new partner.

Step 3: Analyze the statement and determine if it is true or false. Based on the information provided, the statement is true. The majority consent of all the partners is indeed necessary when admitting a new partner.

Therefore, the correct answer is True.