Question
Which of the following is true about a Minor's
liability in a partnership firm?Solution
As per S. 30 30. Minors admitted to the benefits of partnership.— (1) A person who is a minor according to the law to which he is subject may not be a partner in a firm, but, with the consent of all the partners for the time being, he may be admitted to the benefits of partnership. (2) Such minor has a right to such share of the property and of the profits of the firm as may be agreed upon, and he may have access to and inspect and copy any of the accounts of the firm.  (3) Such minor’s share is liable for the acts of the firm, but the minor is not personally liable for any such act.
Which of the following States has/have bicameral legislature?
1. Andhra Pradesh
2. Telangana
3. Bihar
4. Uttar Pradesh
<...Which Five-Year Plan was based on the "P.C. Mahalanobis Model"?
The constitutional head of the state” governor” is appointed by
Who appoints the chairman of all the parliamentary committees of Lok Sabha?
Consider the following statements in the context of constitutional provisions of Union Public Service Commission (UPSC):
1. The Constitution of I...
Who was the first woman Chief Minister of an Indian state.
Why India is described as a ‘Union of States’ rather than a ‘Federation of States’?
1. The Indian federation is the result of an agreemen...
Consider the following statements:
1. The Minor Forest Produce has been defined under the Indian Forest Act, 1927.
2. The government of In...
What is the term for President and Vice President of India?
Part XV of the Indian Constitution primarily addresses which of the following areas?
