Q134
According to Section 30 of the Partnership Act, "at any time within 6 months of his attaining majority or of obtaining knowledge that he had been admitted to the benefits of partnership, whichever date is later, a minor can elect to become or not to become a partner."
A.
Such option is exercised by giving a public notice
B.
If he remains silent and fails to give such a notice there is a presumption that he wants to be a partner and on the expiry of the said 6 months he shall become a partner in the firm
C.
If he did not exercise the option, he will be deemed to become a partner in firm
D.
All are correct
AnswerAnswer: Option D
Solution
Answer: Option D
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