Law · Indian Partnership Act, 1932
According to the Indian Partnership Act, 1932, a minor acting through a guardian:
- 1cannot be admitted to the benefits of partnership under any circumstances.
- 2can be admitted to the benefits of partnership without personal liability.✓
- 3can be admitted to the benefits of partnership with personal liability.
- 4can be inducted as a full partner of a firm with personal liability.
Correct answer
can be admitted to the benefits of partnership without personal liability.
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