Business Studies, asked by jaideepbambani01, 5 months ago

Explain the position of a minor partner in a firm.

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Answered by moonstar16098

3

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.

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