CAF-4 · Chapter 12 · Question 7 of 10
Five partners are running a business importing washing machines. One partner wants to change the nature of the business and start importing electric cookers. Another partner objects. Can the business nature be changed?
Test yourself: pick an answer
Reveal answer & explanation
Correct answer: C) No, the nature of the business can only be changed with the consent of all the partners.
Explanation
According to partnership law, no change may be made in the nature of the business without the unanimous consent of all the partners.
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