Question

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

Answer 1

Answer:

highly

Explanation:

because both are equal

Answer 2

Answer:

A minor in a joint Hindu business family becomes a member automatically by birth whereas he cannot be a member in a Partnership firm but he is entitled to the benefits of the firm. Minors have a limited share in both the profits and loss of the Joint HIndu family run business (HUF) while they share only the profits in a Partnership firm and no liability. 

Explanation:

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