alleryStart learning →A minor who gives no notice within the period then becomes what?
AA partner
BA creditor
CA stranger
DAn agent
Answer & Solution
Correct answer: A. A partner
Failure to give notice in time makes him a partner in the firm on the expiry of the six months.
Keep practising Partnership
Browse all Partnership questions for CA Foundation, or explore more Businesslaw topics.
Related questions
A fixed-term firm carrying on after expiry takes the incidents of what?While settling accounts after dissolution, goodwill is treated as what?A partner rescinding for fraud ranks as what regarding debt payments he made?No premium refund follows when dissolution is mainly due to what?After dissolution, a partner's authority continues for what purpose?Which is repaid first among partners after outside debts?Settling accounts after dissolution, firm assets first pay what?Public notice of a registered firm's dissolution includes which publication?