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Which is a right that a newly admitted partner acquires in the firm?
ARight to veto the old ratio
BRight to fix old partners' capitals
CRight to share the assets of the firm
DRight to appoint auditors alone
Answer & Solution
Correct answer: C. Right to share the assets of the firm
On admission the new partner gets a claim on the firm's assets and a claim on its profits, and nothing beyond these two basic rights is automatic.
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