Is the following true or false?A business partner may associate - ProProfs Discuss
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Is the following true or false?
A business partner may associate another person with him in his share but the person admitted shall not be admitted to the partnership without the consent of all the partners.

Asked by Mlcelis, Last updated: Apr 21, 2024

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2 Answers

sweetbabybear19

sweetbabybear

sweetbabybear19
Sweetbabybear

Answered Feb 10, 2017

TRUE. A partner may associate 3rd person concerning of his share in the partnership, this known as sub-partner. A sub-partner cannot affect the partnership because he has no say the management to the partnership. A sub-partner cannot also be part of partnership without the consent of the other partners.
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John Smith

John Smith

John Smith
John Smith

Answered Jan 27, 2017

True
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