Q14
A partner in a firm _______.
A.
cannot transfer his share to an outsider
AnswerB.
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
Answer: Option A
Solution:
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.