Multiple choice

A minor may be

  1. admitted to the benefits of the partnership

  2. a partner of the firm

  3. representative of the firm

  4. admitted to both the benefits and losses of the partnership
Reveal answer Fill a bubble to check yourself
A Correct answer
Explanation

A minor can be admitted to the benefits of a partnership without becoming a full partner. This allows minors to receive profit shares while protecting them from liability. They cannot be full partners (B) as that would expose them to unlimited liability, nor can they be representatives (C) - they only enjoy benefits, not burdens. Option D incorrectly suggests they share losses.

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