Multiple choice

Where a minor elects to become a partner,

  1. he becomes personally liable to third parties for all acts of the firm done since he was admitted to the benefits of partnership

  2. he becomes personally liable to third parties for all the acts of the firm done since the date of his attaining majority

  3. he becomes personally liable to third parties for all the acts of the firm done since the date of his becoming a partner

  4. he does not become personally liable at all to third parties

  5. None of these
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A Correct answer
Explanation

Where such person becomes a partner, his rights and liabilities as a minor continue up to the date on which he becomes a partner, but he also becomes personally liable to third parties for all the acts of the firm done since he was admitted to the benefits of partnership.

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