An minor
A) an agent
Partner in firm
A member of a company
Sole trader
Answers
Answered by
6
Answer:
B option is correct answer and plz don't forget to mark as me brainallist .
Answered by
6
Answer:
Minor as Partner:
A minor can be admitted for profits only as he/she cannot enter into an agreement. Here, the minor partner can only be included for profit and he/ she will not be responsible for activity of the firm nor his/her property can be used to pay off any of the liabilities of LLP
In India, business is commonly managed by the family member. When the business is privately held and is considered the participation from the junior member(s) of the family is also welcomed. Hence it is feasible to use skills and use the contribution of those members on the business part the contractual & legal part is under ambiguity of business owners.
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