Multiple choice

Mark the incorrect statement.

  1. A contract of partnership cannot be entered into with a minor.

  2. There can be a partnership consisting of all minors.

  3. A minor is not a partner even if he is so described in the agreement.

  4. A minor could be admitted to the benefits with the consent of all the partners.

  5. None of these
Reveal answer Fill a bubble to check yourself
B Correct answer
Explanation

A contract with a minor is void ab initio. It means that a contract with a minor is not valid from the very beginning. There cannot be a partnership contract with a minor. No such concept arises that there can be a partnership consisting of all minors.

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