Question

For a minor to be admitted to benefits of partnership ________.

• A. all the partners should agree
• B. there should be at least $2$ major partners
• C. minor can not be admitted in a partnership firm
• D. both a and b

Answer 1

The correct option is D both a and b

If a minor become a partner, all the members should give their consent as the minor won't be able to participate in the workings. However, he will be entitled to the benefits. In order to make a minor a partner, there should be at least two major member as a partner. A minor is also not liable for any debts.