A minor can be admitted to the Benefits of partnership which means:
A. He can have a share in the loss only
B. He can have a share in the profits only.
C. He cannot have any share in profit or loss.
D. He can have a share in the profits only if other partner by majority agrees to give it.
Answer:B
A minor can be admitted to the Benefits of partnership which means:
A. He can have a share in the loss only B. He can have a share in the profits only. C. He cannot have any share in profit or loss. D. He can have a share in the profits only if other partner by majority agrees to give it.