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Law · Q119

Indian Partnership Act

Graduate and Post Graduate · Law · question 119

Q119

Every partner is jointly and severally liable for all acts of the firm. However, a minor can be admitted to the benefits of the firm. Liability of a partner is unlimited and he is personally liable for the acts of the firm. The liability of the minor in case of the acts of the firm is

A.
Personally liable for such acts
B.
Not at all liable for such acts
C.
Not personally liable, it is only his share which is liable for the acts of the firm
Answer
D.
Liable to the extent as it told by other partners

Answer: Option C

Solution

Answer: Option C
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