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Commerce · Q2020

Accounting

Graduate and Post Graduate · Commerce · question 2020

Q2020

Which of the following statement about a minor partner is incorrect?

A.
Minor can be admitted only to the benefits of an existing firm
B.
Minor cannot be admitted to the benefits of a new firm taking minor as a partner
C.
Minor cannot be a full-fledged partner in a firm
D.
Minor can be a full-fledged partner in a firm
Answer

Answer: Option D

Solution

Answer: Option D
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