Multiple choice

The partnership can be formed:

  1. Two brothers Y (age 17 years), Z (age 16 years) decide to form partnership

  2. Two brothers X (age 18 years), Y (age 17 years) decide to form partnership with a provision that Y will share the profits only

  3. Three brothers W (age 19 years), X (age 18 years), Y (age 17 years) decide to form a partnership with a provision that Y will share the profits only.

  4. None of these
Reveal answer Fill a bubble to check yourself
D Correct answer
Explanation

Minors (under 18) cannot be full partners in a partnership firm. Option A has both minors (16 and 17). Option B has a 17-year-old minor. Option C has a 17-year-old minor. Even if they only share profits, minors lack capacity to be partners. Since all options A-C involve minors, D (None of these) is correct.

Keep practicing — related questions