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Which of the following people cannot be called partners?
  • a)
    Minors
  • b)
    Insolvents
  • c)
    Co-owners without the agreement to carry on the business
  • d)
    All of the above
Correct answer is option 'D'. Can you explain this answer?
Verified Answer
Which of the following people cannot be called partners?a)Minorsb)Inso...
Indian partnership Act , provides that though a minor cannot be a partner in a firm , but with the consent of all the partners for the time but, he may be admitted to the benefits of partnership by an agreement executed through his guardian with the other partners.
Insolvency means a person who is not able to pay it's debts . So he cannot be a partner of a partnership firm. No member can be partner without the agreement between a co-owners.
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Most Upvoted Answer
Which of the following people cannot be called partners?a)Minorsb)Inso...
Because they are incompetent to enter into a contract.

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Which of the following people cannot be called partners?a)Minorsb)Insolventsc)Co-owners without the agreement to carry on the businessd)All of the aboveCorrect answer is option 'D'. Can you explain this answer?
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Which of the following people cannot be called partners?a)Minorsb)Insolventsc)Co-owners without the agreement to carry on the businessd)All of the aboveCorrect answer is option 'D'. Can you explain this answer? for CA Foundation 2025 is part of CA Foundation preparation. The Question and answers have been prepared according to the CA Foundation exam syllabus. Information about Which of the following people cannot be called partners?a)Minorsb)Insolventsc)Co-owners without the agreement to carry on the businessd)All of the aboveCorrect answer is option 'D'. Can you explain this answer? covers all topics & solutions for CA Foundation 2025 Exam. Find important definitions, questions, meanings, examples, exercises and tests below for Which of the following people cannot be called partners?a)Minorsb)Insolventsc)Co-owners without the agreement to carry on the businessd)All of the aboveCorrect answer is option 'D'. Can you explain this answer?.
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