In a firm consisting of A and B a minor was admitted to the benefits of partnership The firm had dea...........

Indian Partnershoip Act (IPA) 1930 Others

In a firm consisting of A and B, a minor was admitted to the benefits of partnership. The firm had dealings with the C's concern and it became indebted to them. After that, the partnership was dissolved. Subsequently, the minor, attained majority, but he did not exercise an option under Sec. 30 (5).

The minor could be made. liable since by failing to exercise the option within 6 months from the date of his attaining majority, he had become a partner.

The minor could not be made liable, as when he attained majority the firm had already been dissolved.

Sec. 30 presupposes the existence of ,a partnership.

Both (b) and (c).

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