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Law · Q325

Indian Partnership Act

Graduate and Post Graduate · Law · question 325

Q325

When a minor who was admitted to the benefits of the firm, on attaining majority becomes a partner in the firm, his share in the property and the firm shall

A.
Remain the same as it was during the minority
Answer
B.
Be equal with all other partners
C.
Be adjusted in proportion of the capital contribution
D.
Be kept marginally lower than the existing partners

Answer: Option A

Solution

Answer: Option A
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