Question

    A minor may be admitted to the benefits of

    partnership 
    A With the consent of majority of the partners Correct Answer Incorrect Answer
    B With the consent of all the partners Correct Answer Incorrect Answer
    C Without the consent of partners Correct Answer Incorrect Answer
    D With the order of the Court Correct Answer Incorrect Answer
    E Cannot be admitted to benefits of partnership Correct Answer Incorrect Answer

    Solution

    Constitution Section 30 of Indian Partnership Act 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