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A partner in a firm _____

13. A partner in a firm _____.

  1. Can Transfer his shares to an outsider
  2. Can Transfer his shares to an outsider with the permission of partners
  3. Cannot transfer his shares
  4. None of the above

Answer: C) Cannot transfer his shares

Explanation:

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 a partner without the consent of all the others.

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