Question

who is minor partner​

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.

Explanation:

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Answer 2

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.

Explanation:

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