Vidyalelo
Commerce · Q8

Business and Commerce

Graduate and Post Graduate · Commerce · question 8

Q8

In case of minor acting as a partner, his personal properties are ________.

A.
Liable for the debts of the firm
B.
Not liable for the debts of the firm
Answer
C.
Partly liable for the debts of the firm
D.
Only debts of the firm

Answer: Option B

Solution

Answer: Option B
Solution:
In case of minor acting as a partner, his personal properties are not liable for the debts of the firm.