Question

According to the Partnership Act 1932, a new partner can be admitted into the firm only with the consent of ................, unless otherwise agreed upon.

• A. Majority of the existing partners
• B. All existing partners
• C. The existing partner contributed maximum capital
• D. The existing partner with the largest share

Hint:

Section 31: unanimity is the default rule for admission of a new partner.

Answer 1

The Correct Option is B

Step 1: Legal basis:
Section 31(1) of the Indian Partnership Act, 1932 says that, subject to any contract between the partners, no person can be introduced as a partner without the consent of all the existing partners.

Step 2: Apply to the blank:
The blank needs the group whose consent is required. Section 31 says "all the existing partners".

Step 3: Why not the others:
Any option that gives power to a majority, or to a partner because of his capital or share, is missing the word "all". Those would apply only if the partners had agreed to it in the deed.

Final Answer:
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