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A partner in a firm _______.

A. cannot transfer his share to an outsider

B. can transfer his share to an outsider with the consent of majority partners

C. can transfer his share to an outsider without the consent of any other partners

D. can transfer his share to an outsider with the consent of all other partners

Answer: Option A

Solution(By Examveda Team)

A partner in a firm cannot transfer his share to an outsider. A partner of a firm cannot transfer his interest in the firm to an outsider and make the transferee apartner without the consent of all the others. A shareholder of a company can transfer his shares and the transferee can become a member of the company.

This Question Belongs to Commerce >> Business And Commerce

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Comments ( 3 )

  1. Muhammad Ikram
    Muhammad Ikram :
    6 months ago

    As per my knowledge a partner can transfer his share to an outside person with the consent of all other partners

  2. Maryam Chaudhri
    Maryam Chaudhri :
    2 years ago

    Option D is correct

  3. Ramesh Chilaka
    Ramesh Chilaka :
    6 years ago

    Option D is correct

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