wiz-icon
MyQuestionIcon
MyQuestionIcon
1
You visited us 1 times! Enjoying our articles? Unlock Full Access!
Question

A minor can be admitted to the benefits of the partnership with the consent of _________.

A
majority of the partners
No worries! We‘ve got your back. Try BYJU‘S free classes today!
B
all the partners
Right on! Give the BNAT exam to get a 100% scholarship for BYJUS courses
C
all working partners
No worries! We‘ve got your back. Try BYJU‘S free classes today!
D
none of these
No worries! We‘ve got your back. Try BYJU‘S free classes today!
Open in App
Solution

The correct option is B all the partners
A minor is not competent to contract but he can be admitted to the benefits of the partnership with the consent of all the partners. The minor can only share the profits and not the losses f the firm as he can only be admitted to the benefits of the firm.

flag
Suggest Corrections
thumbs-up
0
Join BYJU'S Learning Program
similar_icon
Related Videos
thumbnail
lock
Analysing Capital Accounts
ACCOUNTANCY
Watch in App
Join BYJU'S Learning Program
CrossIcon