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A partnership can be formed with :
- a)Two minors
- b)A minor and an artificial person
- c)A minor and a major
- d)Two persons over 20 years of age
Correct answer is 'C'. Can you explain this answer?
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A partnership can be formed with :a)Two minorsb)A minor and an artific...
Minor cannot build partnership firm..but he can be add in partnership after permission of all other partner
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A partnership can be formed with :a)Two minorsb)A minor and an artific...
Answer:
A partnership can be formed with the following combinations:
- Two minors: A partnership can be formed between two individuals who are under 18 years of age, but this is not a legally recognized partnership. Minors generally lack the legal capacity to enter into binding contracts.
- A minor and an artificial person: An artificial person refers to a legal entity created by law, such as a corporation or a limited liability company. In some jurisdictions, a partnership can be formed between a minor and an artificial person, but this may vary depending on local laws.
- A minor and a major: A partnership can be formed between an individual who is under 18 years old (minor) and an individual who is 18 years old or older (major). However, the minor's rights and liabilities may be limited in such a partnership.
- Two persons over 20 years of age: A partnership can be formed between two individuals who are 20 years old or older. This is the most common and widely recognized form of partnership.
In the given options, option D (Two persons over 20 years of age) is the correct answer.
A partnership can be formed with the following combinations:
- Two minors: A partnership can be formed between two individuals who are under 18 years of age, but this is not a legally recognized partnership. Minors generally lack the legal capacity to enter into binding contracts.
- A minor and an artificial person: An artificial person refers to a legal entity created by law, such as a corporation or a limited liability company. In some jurisdictions, a partnership can be formed between a minor and an artificial person, but this may vary depending on local laws.
- A minor and a major: A partnership can be formed between an individual who is under 18 years old (minor) and an individual who is 18 years old or older (major). However, the minor's rights and liabilities may be limited in such a partnership.
- Two persons over 20 years of age: A partnership can be formed between two individuals who are 20 years old or older. This is the most common and widely recognized form of partnership.
In the given options, option D (Two persons over 20 years of age) is the correct answer.
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A partnership can be formed with :a)Two minorsb)A minor and an artificial personc)A minor and a majord)Two persons over 20 years of ageCorrect answer is 'C'. Can you explain this answer?
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