Knowee
Questions
Features
Study Tools

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 partnerGroup of answer choicesTrueFalse

🧐 Not the exact question you are looking for?Go ask a question

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.

This problem has been solved

Similar Questions

Each partner has the authority to enter into contracts which are binding upon the partnershipGroup of answer choicesTrueFalse

All partners may be limited partnership.Group of answer choicesTrueFalse

In a committed relationship, consent:Group of answer choicesCan be assumedIs always presentCannot be assumedIs only relevant if the relationship is sexual

A limited partnership is composed of at least two or more limited partners.Group of answer choicesTrueFalse

Partners can contribute future properties to the partnership.Group of answer choicesTrueFalse

1/3

Upgrade your grade with Knowee

Get personalized homework help. Review tough concepts in more detail, or go deeper into your topic by exploring other relevant questions.