_____ is the theory that a new partner can only be admitted to a firm with the unanimous consent of all.
A) corporation by estoppel
B) employment-at-will
C) family purpose
D) delectus personae
E) tenants in partnership

Question

Quizplus · Accepted Answer

Delectus personae is a Latin term that means "choice of person." It refers to the right of partners in a partnership to choose their own partners and admit new partners only with the unanimous consent of all existing partners. This theory is based on the idea that partnerships are formed among individuals who share common goals, values, and skills. Therefore, the admission of a new partner can affect the dynamics and success of the partnership and should, therefore, be carefully considered by all partners involved.

_____ Is the Theory That a New Partner Can Only