A unanimous consent of all the partners is necessary when admitting a new partnerGroup of answer choicesTrueFalse
Question
A unanimous consent of all the partners is necessary when admitting a new partner
Group of answer choices
True
False
Solution
To answer the question, we need to determine whether a unanimous consent of all the partners is necessary when admitting a new partner.
Step 1: Understand the question The question is asking whether all partners need to agree unanimously when admitting a new partner.
Step 2: Analyze the statement The statement suggests that a unanimous consent of all the partners is necessary when admitting a new partner.
Step 3: Evaluate the statement To evaluate the statement, we need to consider the general rules and practices of partnership agreements. In many cases, partnership agreements require unanimous consent for major decisions, such as admitting a new partner. This is done to ensure that all partners are in agreement and to protect the interests of the existing partners.
Step 4: Determine the answer Based on the analysis, the answer to the question is True. A unanimous consent of all the partners is often necessary when admitting a new partner.
Therefore, the correct answer is True.
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