📚 Practice Mode

Mercantile Laws Test - 10

Learn at your own pace with hints and detailed explanations

1 / 40
Multiple Choice

Which of the following is correct?

  1. A minor can be admitted as a partner provided the partnership deed is signed by the guardian of the minor on behalf of and in the best interest of such minor.
  2. A minor can enter into a contract of partnership provided it is a 'necessity' and not a 'luxury'.
  3. A minor cannot be admitted as a partner unless all the partners agree to it.
  4. A minor can be admitted to the benefits of partnership.
Change Mode