Q414
A minor who has been admitted to the benefits of the firm, on an application to have the partners of the firm adjudicated as insolvent
A.
Can be adjudicated as insolvent and his share seized by the receiver
B.
Can be adjudicated as insolvent but his share cannot be seized by the receiver
C.
Cannot be adjudicated as insolvent but his share can be seized by the receiver
AnswerD.
Cannot be adjudicated as insolvent nor his share can be seized by the receiver
Answer: Option C
Solution
Answer: Option C
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