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A partner in a firm _____
13. A partner in a firm _____.
- Can Transfer his shares to an outsider
- Can Transfer his shares to an outsider with the permission of partners
- Cannot transfer his shares
- 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.