Multiple choice

Where a minor is admitted for benefit in a partnership firm and he attains majority and decides to join the firm as partner, his liability begins from the

  1. date of his majority

  2. date of his decision to join the firm

  3. date of information to him that he was admitted for benefits

  4. date when he was admitted for benefits
Reveal answer Fill a bubble to check yourself
D Correct answer
Explanation

At any time within six months of his attaining majority, or of his obtaining knowledge that he had been admitted to the benefits of partnership, whichever date is later, such person may give public notice that he has elected to become or that he has elected not to become a partner in the firm, and such notice shall determine his position regarding the firm.

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