alleryUnder Section 12(c), a change in the NATURE of the firm's business requires:
AThe consent of all the partners
BA majority decision
COnly the managing partner's approval
DNo consent at all
Answer & Solution
Correct answer: A. The consent of all the partners
Ordinary matters may be decided by a majority (after consulting all), but no change in the nature of the business may be made without the consent of all partners.
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