Question

Which of the following statement is true? Select one: a. None of the options b. A...

Which of the following statement is true? Select one: a. None of the options b. A minor can be admitted as a partner only into the benefits of the partnership. c. A minor cannot be admitted as a partner d. a minor can be admitted as a partner but his rights & liabilities are same of the adult partner.

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Answer #1

True Statement from the options is -

b. A minor can be admitted as a partner only into the benefits of the partnership.

Rights of a Minor Partner -

There are several rights of the minor which can be use by the minor when he come under the partnership with the other adult.

a. None of the option is not right.

b. Correct Answer.

c. Minor cannot be the partner this statement is false because minor can be a partner.

d. This statement is false as he can not be the same partner as the adults.

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