Partners have the right to sell,mortgage,or devise to an heir any individual item of the firm's property.

Name: Partners have the right to sell,mortgage,or devise to an heir any individual item of the firm's property.
Brand: Quizplus
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Question

Quizplus · Accepted Answer

Partners do not have the right to sell, mortgage, or devise any individual item of the firm's property without the consent of all partners. The firm's property is owned collectively by all partners, and any sale or transfer of ownership requires the agreement of all partners.

Partners Have the Right to Sell,mortgage,or Devise to an Heir