Dennis, Sam, George, and Ray were partners in an accounting business, and Ray decided he wanted to retire. He sold his share of the partnership to Leonardo, but Leonardo is not a partner unless the other partners approve the change.

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In a partnership, when a partner decides to sell their share, the incoming individual does not automatically become a partner unless the existing partners agree to this change. This is because partnerships are based on mutual consent and trust among the partners.

Dennis, Sam, George, and Ray Were Partners in an Accounting