A partner below 18 years of age is called as ________ partner. (Fill in the blank by choosing correct option)
a) active
b) sleeping
c) nominal
d) minor
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A partner below the age of 18 is called a minor partner .
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Answer:
The correct answer to the given question is option (d) minor.
Explanation:
A minor partner is that partner, who is under the age of 18. Such a partner doesn't become a full partner in the company until and unless he attains majority.
As soon as the minor attains majority, he should come to the company and demand for his shares in the company. In other words, the minor on attaining majority becomes liable as a partner of the company and he shares the same interests as that of other partners.
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