Business Studies, asked by jaideepbambani01, 4 months ago

Explain the position of a minor partner in a firm.

Answers

Answered by moonstar16098

A minor admitted to the benefits of a partnership has all the rights of a full partner. ... Such minor is not personally liable to the third parties for the debts of the firm, but his liability is limited only up to his shares in the partnership assets and profits.

Previous Question

Next Question

Similar questions

Hindi, 2 months ago

) सलाम मुंबई फाऊंडेशनचे कार्य लिहा.

Math, 2 months ago

construct a quadrilateral ABCD in which AB equal to 4.2 CM BC equal to 6 cm equal to 5.2 cm equal to 5 cm and ac equal to 8 cm...

Computer Science, 2 months ago

Consider the following assumptions and answer the given question. A B means A is the father of B A-B means A is the brother of B. A+B means A is the sister of B A%B means A is the mother of B Which of the following options implies that S is the daughter of P?

Science, 4 months ago

If we move an object away from the plane mirror, the size of its image in the mirror: (a) remains same (b) starts decreasing (c) starts increasing (d) initially increases then decreases...

Chemistry, 4 months ago