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According to which section of the Indian Partnership Act, 1932, a person be admitted as a new partner? -

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Question

According to which section of the Indian Partnership Act, 1932, a person be admitted as a new partner?

Options

  • Section 31

  • Section 34

  • Section 32

  • Section 37

MCQ

Solution

Section 31

Explanation:

A person can be admitted as a new partner under section 31 of the Indian Partnership Act, 1932.

  • He or she accepts the cooperation agreement.
  • If the previously specified agreement is not there, all partners must consent to the admittance.
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Admission of a New Partner
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