Multiple choice

Which of the following statements is correct?

  1. A minor can not take benefits of a partnership firm.

  2. A minor can become a partner of a partnership firm.

  3. A minor can take benefits of a partnership firm.

  4. None of these

Reveal answer Fill a bubble to check yourself
C Correct answer
Explanation

According to the Contract Act 1872 with the consent of all partners a minor can take benefits of partnership firm