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Tamil Nadu Board of Secondary EducationHSC Commerce Class 11

Can a minor is admitted in the partnership business – Why? - Commerce

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Question

Can a minor is admitted in the partnership business – Why?

Short Note

Solution

In a partnership, the minor cannot become a co-partner though he may be admitted to the benefit of the partnership. In a Joint Hindu Family firm, even a newborn baby can be a partner. The membership of the family can be acquired only by birth. As soon as the male child is born in the family, that child becomes a member.

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Types of Partners
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Chapter 5: Hindu Undivided Family and Partnership - Exercises [Page 46]

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Samacheer Kalvi Commerce [English] Class 11 TN Board
Chapter 5 Hindu Undivided Family and Partnership
Exercises | Q IV. 2. | Page 46
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