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Partnership Act Test - 1
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Which of the following is/are partner(s)?
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A
A minor and two majors
💡 Explanation:
Option (1) is incorrect: Members of HUF cannot be partners as per Sections 5 and 6.
Option (2) is incorrect: Burmese Buddhist husband and wife cannot be partners as per Sections 5 and 6.
Option (3) is correct: A minor can be partner if the other partners are major in a running business.
All others mentioned cannot be partners as per Sections 5 and 6.
Option (4) is incorrect: Widow of deceased partner receiving annuity cannot be partner as per Sections 5 and 6.