Explanation:

- True: A minor cannot be legally declared insolvent as they are not legally capable of entering into contracts. They lack the legal ability to manage their financial affairs fully.

- Partly True: This option may seem plausible if considering specific circumstances where a minor's assets are involved, but generally, a minor still cannot be declared insolvent.

- False: Incorrect, as minors are protected by law from being declared insolvent due to their legal incapacity to fully engage in contractual and financial commitments.

- None of the above: Not applicable, as one of the earlier options correctly states the legal position of minors regarding insolvency.

Correct Answer: True