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Question

On Mr.Ram's daughters 17th birthday, he made her a partner of his firm. Can she only receive profits and but not losses? 


  1. She doesn't receive profits until the age of 25. 

  2. None of the above

  3. No, she has to bear the profit as well as the loss. 

  4. Yes, she can only receive profits but not the losses of the firm. 


Solution

The correct option is D

Yes, she can only receive profits but not the losses of the firm. 


Yes, she can only receive profits but won't bear the burden of the loss in the firm. 

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