Multiple choice

A minor when admitted to the benefits of the partnership

  1. is liable for all the liabilities of the firm in person

  2. is liable for all the liabilities of the firm through his properties

  3. is never liable for any of the liabilities of the firm

  4. is liable in accordance with the provisions of sub-section (3) of section 30 of the Indian partnership act, 1932
Reveal answer Fill a bubble to check yourself
D Correct answer
Explanation

Under Section 30(3) of the Indian Partnership Act, 1932, a minor admitted to partnership benefits is only liable to the extent of their share in the firm's property and profits - not personally liable for all firm debts. Option D correctly references this statutory provision. Options A and B incorrectly state full personal or property liability, C incorrectly states complete immunity from liability. The minor's liability is specifically limited by statute.

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