Multiple choice

Which of the following is not a liability of a minor partner?

  1. No personal liability for the acts of firm.

  2. It is limited to the extent to his share in property of firm.

  3. He is not liable even in insolvency of firm.

  4. He has unlimited liability.
Reveal answer Fill a bubble to check yourself
D Correct answer
Explanation

The minor cannot become insolvent and his liability cannot be made unlimited.

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