111. New partner admitted only by consent of all.

(3)     Admission of other Partners

111.     New partner admitted only by consent of all.

Subject to any agreement express or implied between the partners, no person may be introduced as a partner without the consent of all existing partners1. The terms on which he is admitted are, therefore, usually determined by express agreement. An attempt by one partner to introduce a new partner without consent amounts only to an assignment of part of his share in the partnership2. It may create a sub-partnership between the newcomer and the person who introduced him, but it