When a minor is admitted to the benefit of the partnership, which of the following statements is false:

Related MCQs

• A minor enters into agreement representing himself to be a major consider the following statement: 1. Minor commits fraud if the other party does not have personal knowledge of his age 2. Such agreement is not enforceable 3. The doctrine of estoppel does not apply in minor's case 4. Other party is entitled to get back the benefit passed to minor, if innocent about his age Which of the statements given above are correct?
• A minor who is admitted to the benefit of partnership:
• M is a minor, B, the borrower, approaches M for a loan on the basis of a mortgage of the house owned by B. Hence, M advances the money and B executed a mortgage in favour of M, a minor. In these circumstances
• A partnership for which no period or duration is fixed under the Indian Partnership Act is known as :
• The term 'partnership' has been defined under…………of the Partnership Act, 1932:
• Under section 4 of the Indian Partnership Act, 1932, partnership is a:
• Limited Liablility partnership is a form of partnership that:
• The relation of partnership arises from contract and not from status and in particular the Indian Partnership Act does not apply to the family business carried on by:
• For constituting a partnership within the meaning of section 4 of the Indian Partnership Act,1932.
• Where no time is expressly stated for its duration and there is no contract to fix the duration, the partnership may be terminated at a moment's notice by the other party. This partnership is called -