Multiple choice

The inclusion of a minor in a partnership firm

  1. may be admitted to the benefits of partnership with the consent of all the other partners

  2. may be admitted to the benefits of partnership with no consent of other partners

  3. may be admitted to the benefits of partnership with the consent of his parents

  4. may be admitted to the benefits of partnership with the guarantee of his parents
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A Correct answer
Explanation

Option (1) is correct: A person, who is a minor according to the law to which he is subject, may not be a partner in a firm, but with the consent of all the partners for the time being, he may be admitted to the benefits of partnership.

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