Question

explain minor partner with characteristics​

Answer 1

Answer:

A person who is under the age of 18 is regarded as a minor. Generally, a minor cannot be appointed as a partner. But with the consent of all the partners, a minor may be admitted for sharing profits of the firm. Such a partner, if admitted, is called a minor partner. Concept: The Indian Partnership Act 1932.

Characteristics:-

Existence of an agreement:

Existence of business:

Sharing of profits:

Agency relationship:

Membership:

Nature of liability:

Fusion of ownership and control:

Non-transferability of interest:

Answer 2

Explanation:

• A person who is under the age of 18 is regarded as a minor. Generally, a minor cannot be appointed as a partner. But with the consent of all the partners, a minor may be admitted for sharing profits of the firm. Such a partner, if admitted, is called a minor partner. Concept: The Indian Partnership Act 1932.

Partnership Firm: Nine Characteristics of Partnership Firm!

Partnership Firm: Nine Characteristics of Partnership Firm!Existence of an agreement:

Partnership Firm: Nine Characteristics of Partnership Firm!Existence of an agreement:Existence of business:

Partnership Firm: Nine Characteristics of Partnership Firm!Existence of an agreement:Existence of business:Sharing of profits:

Partnership Firm: Nine Characteristics of Partnership Firm!Existence of an agreement:Existence of business:Sharing of profits:Agency relationship:

Partnership Firm: Nine Characteristics of Partnership Firm!Existence of an agreement:Existence of business:Sharing of profits:Agency relationship:Membership:

Partnership Firm: Nine Characteristics of Partnership Firm!Existence of an agreement:Existence of business:Sharing of profits:Agency relationship:Membership:Nature of liability:

Partnership Firm: Nine Characteristics of Partnership Firm!Existence of an agreement:Existence of business:Sharing of profits:Agency relationship:Membership:Nature of liability:Fusion of ownership and control:

Partnership Firm: Nine Characteristics of Partnership Firm!Existence of an agreement:Existence of business:Sharing of profits:Agency relationship:Membership:Nature of liability:Fusion of ownership and control:Non-transferability of interest: