Business Studies, asked by mathslordvictor9825, 8 months ago

Compare the status of a minor in partnership firm with that in a Joint Hindu Family
business.

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Answered by Anonymous

Answer:

A minor becomes a member of Joint Hindu Family Business by virtue of his birth. On the other hand, in partnership, minor can be a partner only in profits. ... Hence, minors can also be members of the business. On the other hand, in a partnership firm, the minor cannot be a partner of a business.

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