Question

,Y,Z & A are partners in a partnership firm. While the partnership was continuing Mr A transferred his share in the partnership firm to Mr. N without the consent of the rest of the partners by way of mortgage. Explain the rights of Mr. N in respect of the share so transferred during the continuance of partnership & on dissolution of the firm or on retirement of Mr.A. Can Mr. N inspect the books of the firm?​

Answer 1

Answer:

Mr. A has no right to transfer his shares without the consent of other partners.

Mr. N has no rights in the partnership business.

Mr. N cannot inspect the books of the firm.