Question

    A minor :

    A Cannot be a partner in a firm. Correct Answer Incorrect Answer
    B Can have no responsibility in a firm Correct Answer Incorrect Answer
    C Can be admitted to the benefits of a firm. Correct Answer Incorrect Answer
    D With consent of other partners can be admitted to benefits of the firm. Correct Answer Incorrect Answer

    Solution

      S. 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.

    Practice Next
    More Administrative Interpretation and Maxims Questions

    Relevant for Exams:

    Hey, Don't leave. If you have any queries regarding any exam let us know here.

    ask-question