Q20
A, B and C enter into an agreement for partnership at will. The partnership deed contains the following provisions. Which one of the following provisions of the deed is inconsistent with partnership at will?
A.
That there will be option for a surviving partner to purchase a deceased partner's share at a fixed valuation
B.
That disputes between the partners, if any, shall be referred to arbitration
C.
That every partner will have a power to nominate his successor
D.
That if any partner wants to retire from partnership, notice of a certain fixed time will be required before retirement
AnswerAnswer: Option D
Solution
Answer: Option D
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