Home › CA Foundation › businesslaw › Other Essential Elements of a Contract › With respect to a partnership firm, a minor:
With respect to a partnership firm, a minor:
AIs automatically a partner on attaining majority
BCan be a full partner
CCan never have any connection with a firm
DMay be admitted only to the benefits of partnership with consent of all partners
Answer & Solution
Correct answer: D. May be admitted only to the benefits of partnership with consent of all partners
Under Section 30 of the Indian Partnership Act, 1932 a minor cannot be a full partner but may, with the consent of all partners, be admitted to the benefits of partnership.
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