Question

Choose the correct answer from the alternatives given.
A minor together with two major persons:

• A. Can form a partnership
• B. Can form a partnership subject to provision that minor shall not share the losses
• C. Can not form a partnership at all
• D. None of these

Answer 1

The correct option is C Can not form a partnership at all

Indian Contract Act clearly states that no person less than the age of 18 years can be a party to contract and a partnership is a contract between the partners. Hence a minor together with two major persons can not form a partnership. A minor can only be admitted to the benefits of partnership.