Multiple choice

A minor may be

  1. a partner of a firm

  2. representative of a firm

  3. entitled to carry on the business of a firm

  4. admitted to the benefits of a partnership
Reveal answer Fill a bubble to check yourself
D Correct answer
Explanation

Option (1) is incorrect: A minor cannot be a partner of a firm. Option (2) is incorrect: A minor cannot be a representative of a firm. Option (3) is incorrect: A minor is not entitled to carry on the business of a firm. Option (4) is correct: U/s 30 of the Act, a minor can be admitted to the benefits of a partnership with the consent of all the partners for the time being, but not in the losses.

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