Multiple choice

If a minor elects to becomes partner after attaining majority, he will be liable for the debts of the firm

  1. from the date of admission as a minor partner

  2. from the date of attaining majority

  3. from the date of his notice to the public that he elects to become partner

  4. as decided by all other partners
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A Correct answer
Explanation

Option (1) is correct: U/s 30 of Indian Partnership Act, if a minor elects to becomes partner after attaining majority, he will be liable for the debts of the firm from the date of admission as a minor partner.

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