Multiple choice

When a minor elects to become a partner he becomes personally liable to third parties for all acts of the firm done since

  1. he was admitted to the benefits of partnership

  2. from the date of his attaining majority

  3. from the date of his becoming a partner

  4. Both (2) and (3)
Reveal answer Fill a bubble to check yourself
D Correct answer
Explanation

Under Section 32 of the Partnership Act, 1932, when a minor who was admitted to the benefits of partnership elects to become a partner upon attaining majority, they become personally liable for all acts of the firm done both from the date of attaining majority and from the date they formally become a partner. This dual liability ensures protection for third parties dealing with the firm.

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