Multiple choice

Mark the incorrect statement.

  1. A minor cannot be made liable for losses.

  2. A guardian may accept the benefits of a partnership on behalf of a minor without his knowledge.

  3. A minor cannot inspect the books of accounts.

  4. A minor has the right to sue only for accounts and his share, and not for dissolution.

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

A minor in a partnership firm may have access to and inspect and copy any of the accounts of the firm. But he doesn’t have any right with regards to any other books of the partnership firm.

Keep practicing — related questions