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A partner in a firm

This question belongs to Commerce Business And Commerce
Business and Commerce
?

A partner in a firm _______.

Answer & Solution
Correct Answer: Option A
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.
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3 Comments
Muhammad Ikram
Muhammad Ikram 3 years ago
As per my knowledge a partner can transfer his share to an outside person with the consent of all other partners
Maryam Chaudhri
Maryam Chaudhri 4 years ago
Option D is correct
Ramesh Chilaka
Ramesh Chilaka 8 years ago
Option D is correct
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