Business Studies, asked by aniket1320, 9 months ago

Explain Not full fledged partner.

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Answered by ashritha2008

2

Answer:

Therefore, strictly speaking, a minor cannot be a full-fledged partners. ... He is not personally liable to third parties for the debts of the firm, on attaining majority, if he continues as a partner, his liability will become unlimited with effect from the date of hi original admission into the firm.

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