Q518
Which one of the following is incorrect? Under the Partnership Act, a minor who has been admitted to partnership when attains majority should adhere to the following:
A.
Issue a public notice that he has elected to become or that he has elected not to become a partner
B.
Option must be exercised within 2 months on attaining majority
AnswerC.
When the minor opted to become a partner his rights and liabilities as a minor continue upto the date on which he becomes a partner
D.
When the minor opted not to become a partner his rights and liabilities shall continue upto the date on which he gives a public notice
Answer: Option B
Solution
Answer: Option B
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