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X and Y are partners. Y wants to admit his son K into business. Can K become the partner of the Firm? Give reason.

Answer» <html><body><p></p>Solution :K, cannot <a href="https://interviewquestions.tuteehub.com/tag/become-389953" style="font-weight:bold;" target="_blank" title="Click to know more about BECOME">BECOME</a> th epartner of the <a href="https://interviewquestions.tuteehub.com/tag/firm-989667" style="font-weight:bold;" target="_blank" title="Click to know more about FIRM">FIRM</a>. <br/> Reason: As per Section <a href="https://interviewquestions.tuteehub.com/tag/31-306830" style="font-weight:bold;" target="_blank" title="Click to know more about 31">31</a>(1) of the Indian <a href="https://interviewquestions.tuteehub.com/tag/partnership-13081" style="font-weight:bold;" target="_blank" title="Click to know more about PARTNERSHIP">PARTNERSHIP</a> <a href="https://interviewquestions.tuteehub.com/tag/act-1106" style="font-weight:bold;" target="_blank" title="Click to know more about ACT">ACT</a>, 1932, a person can be admitted as a partner only with the consent of all the existing partneers unless otherwise agreed upon.</body></html>


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