Business Studies, asked by archieshah825, 3 months ago

when can a minor become a partner??​

Answers

Answered by Feirxefett
6

Explanation:

Now we know the Indian Contract Act 1857 clearly states that no person less than the age of 18, i.e. a minor can be a party to a contract. And a partnership is a contract between the partners. Hence a minor cannot be a partner in a partnership firm.

Answered by BrutalShadow
5

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Minor admitted to benefits of partnership

A partnership firm cannot be formed with a minor as the only other member. ... “Section 30 of the Indian Partnership Act, clearly lays down that a minor cannot become a partner, though, with the consent of the adult partners, he may be admitted to the benefits of partnership.

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