CA Foundation Exam > CA Foundation Questions > A partnership can be formed with:a)Two minors...
Start Learning for Free
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?
Most Upvoted Answer
A partnership can be formed with:a)Two minorsb)A minor and an artifici...
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.
Community Answer
A partnership can be formed with:a)Two minorsb)A minor and an artifici...
D..
Attention CA Foundation Students!
To make sure you are not studying endlessly, EduRev has designed CA Foundation study material, with Structured Courses, Videos, & Test Series. Plus get personalized analysis, doubt solving and improvement plans to achieve a great score in CA Foundation.
|
Explore Courses for CA Foundation exam
|
|
Similar CA Foundation Doubts
Top Courses for CA FoundationView all
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?
Question Description
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? for CA Foundation 2024 is part of CA Foundation preparation. The Question and answers have been prepared according to the CA Foundation exam syllabus. Information about 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? covers all topics & solutions for CA Foundation 2024 Exam. Find important definitions, questions, meanings, examples, exercises and tests below for 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?.
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? for CA Foundation 2024 is part of CA Foundation preparation. The Question and answers have been prepared according to the CA Foundation exam syllabus. Information about 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? covers all topics & solutions for CA Foundation 2024 Exam. Find important definitions, questions, meanings, examples, exercises and tests below for 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?.
Solutions for 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? in English & in Hindi are available as part of our courses for CA Foundation.
Download more important topics, notes, lectures and mock test series for CA Foundation Exam by signing up for free.
Here you can find the meaning of 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? defined & explained in the simplest way possible. Besides giving the explanation of
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?, a detailed solution for 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? has been provided alongside types of 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? theory, EduRev gives you an
ample number of questions to practice 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? tests, examples and also practice CA Foundation tests.
|
|
Explore Courses for CA Foundation exam
|
|
Suggested Free Tests
Signup for Free!
Signup to see your scores go up within 7 days! Learn & Practice with 1000+ FREE Notes, Videos & Tests.
|
© EduRev
|
Education Revolution
|
|
Signup to see your scores
go up within 7 days!
Access 1000+ FREE Docs, Videos and Tests
Takes less than 10 seconds to signup