Daily Passage Test for CLAT - May 27 MCQs & solutions Free
MCQ Practice Test & Solutions: Daily Passage Test for CLAT - May 27 (5 Questions)
You can prepare effectively for CLAT Daily Passage Practice for CLAT with this dedicated MCQ Practice Test (available with solutions) on the important topic of "Daily Passage Test for CLAT - May 27". These 5 questions have been designed by the experts with the latest curriculum of CLAT 2026, to help you master the concept.
Test Highlights:
- - Format: Multiple Choice Questions (MCQ)
- - Duration: 10 minutes
- - Number of Questions: 5
Sign up on EduRev for free to attempt this test and track your preparation progress.
Directions: Read the following passage and answer the question.
Indian Partnership Act, 1932 defines persons as partners who have agreed to share profits of the business carried on by all or any of them acting for all. A minor is a person who hasn't yet attained the age of majority, which is eighteen years, according to the Indian Majority Act, 1875.
The general principle has been laid down by Section 11 of the Indian Contract Act, 1872, where it is discussed that who is competent to a contract and thereby stating that a minor doesn't have the ability to contract. Under Section 4 of the Indian Partnership Act, a firm means a group of people who has entered into a contract of partnership among themselves and reading it with Section 11 of the Indian Contract Act, it can be interpreted that a minor cannot be a part of a partnership contract.
However, the Supreme Court in the landmark judgement of Commissioner of Income Tax v. D. Khaitan and Co. took a legal stand that in a situation where a minor is made a full-fledged partner in the firm, the partnership cannot be registered by the Income Tax Department only.
Section 30(2) of the Indian Partnership Act states that a minor is entitled to share of profits and the property of the firm, which may have decided at the time the minor was admitted to the benefits of the partnership. Under this provision, a minor has the right to inspect the accounts of the partnership but to that fact does not have any right to inspect other documents of the partnership.
Even in Section 30(3) of the Indian Partnership Act, a minor can only be liable to the extent of his share in the partnership and can't be liable personally to the partnership for the losses of the firm.
According to Section 30(5) of the Indian Partnership Act, a minor has two options after attaining majority, either he can sever the connection with the firm or he can become a full-fledged partner in the firm. After leaving, he can avail any pending share of profits he is entitled to.
The minor has to make his decision within six months of his attaining majority. Section 7(a) of the Indian Partnership Act also states that after a minor partner has been admitted in the partnership as a full-fledged partner, he will be liable not only for the future liabilities of the firm but also the past liability from the date of his admission in the partnership.
[Extracted with edits and revisions from Minors As Partners of Firm, article by legalserviceindia]
Q. According to the Indian Partnership Act, 1932, who can be considered a partner in a firm?
The general principle has been laid down by Section 11 of the Indian Contract Act, 1872, where it is discussed that who is competent to a contract and thereby stating that a minor doesn't have the ability to contract. Under Section 4 of the Indian Partnership Act, a firm means a group of people who has entered into a contract of partnership among themselves and reading it with Section 11 of the Indian Contract Act, it can be interpreted that a minor cannot be a part of a partnership contract.
However, the Supreme Court in the landmark judgement of Commissioner of Income Tax v. D. Khaitan and Co. took a legal stand that in a situation where a minor is made a full-fledged partner in the firm, the partnership cannot be registered by the Income Tax Department only.
Section 30(2) of the Indian Partnership Act states that a minor is entitled to share of profits and the property of the firm, which may have decided at the time the minor was admitted to the benefits of the partnership. Under this provision, a minor has the right to inspect the accounts of the partnership but to that fact does not have any right to inspect other documents of the partnership.
Even in Section 30(3) of the Indian Partnership Act, a minor can only be liable to the extent of his share in the partnership and can't be liable personally to the partnership for the losses of the firm.
According to Section 30(5) of the Indian Partnership Act, a minor has two options after attaining majority, either he can sever the connection with the firm or he can become a full-fledged partner in the firm. After leaving, he can avail any pending share of profits he is entitled to.
The minor has to make his decision within six months of his attaining majority. Section 7(a) of the Indian Partnership Act also states that after a minor partner has been admitted in the partnership as a full-fledged partner, he will be liable not only for the future liabilities of the firm but also the past liability from the date of his admission in the partnership.
[Extracted with edits and revisions from Minors As Partners of Firm, article by legalserviceindia]
Detailed Solution: Question 1
Directions: Read the following passage and answer the question.
Indian Partnership Act, 1932 defines persons as partners who have agreed to share profits of the business carried on by all or any of them acting for all. A minor is a person who hasn't yet attained the age of majority, which is eighteen years, according to the Indian Majority Act, 1875.
The general principle has been laid down by Section 11 of the Indian Contract Act, 1872, where it is discussed that who is competent to a contract and thereby stating that a minor doesn't have the ability to contract. Under Section 4 of the Indian Partnership Act, a firm means a group of people who has entered into a contract of partnership among themselves and reading it with Section 11 of the Indian Contract Act, it can be interpreted that a minor cannot be a part of a partnership contract.
However, the Supreme Court in the landmark judgement of Commissioner of Income Tax v. D. Khaitan and Co. took a legal stand that in a situation where a minor is made a full-fledged partner in the firm, the partnership cannot be registered by the Income Tax Department only.
Section 30(2) of the Indian Partnership Act states that a minor is entitled to share of profits and the property of the firm, which may have decided at the time the minor was admitted to the benefits of the partnership. Under this provision, a minor has the right to inspect the accounts of the partnership but to that fact does not have any right to inspect other documents of the partnership.
Even in Section 30(3) of the Indian Partnership Act, a minor can only be liable to the extent of his share in the partnership and can't be liable personally to the partnership for the losses of the firm.
According to Section 30(5) of the Indian Partnership Act, a minor has two options after attaining majority, either he can sever the connection with the firm or he can become a full-fledged partner in the firm. After leaving, he can avail any pending share of profits he is entitled to.
The minor has to make his decision within six months of his attaining majority. Section 7(a) of the Indian Partnership Act also states that after a minor partner has been admitted in the partnership as a full-fledged partner, he will be liable not only for the future liabilities of the firm but also the past liability from the date of his admission in the partnership.
[Extracted with edits and revisions from Minors As Partners of Firm, article by legalserviceindia]
Q. What does Section 30(3) of the Indian Partnership Act state regarding the liability of a minor in a partnership?
The general principle has been laid down by Section 11 of the Indian Contract Act, 1872, where it is discussed that who is competent to a contract and thereby stating that a minor doesn't have the ability to contract. Under Section 4 of the Indian Partnership Act, a firm means a group of people who has entered into a contract of partnership among themselves and reading it with Section 11 of the Indian Contract Act, it can be interpreted that a minor cannot be a part of a partnership contract.
However, the Supreme Court in the landmark judgement of Commissioner of Income Tax v. D. Khaitan and Co. took a legal stand that in a situation where a minor is made a full-fledged partner in the firm, the partnership cannot be registered by the Income Tax Department only.
Section 30(2) of the Indian Partnership Act states that a minor is entitled to share of profits and the property of the firm, which may have decided at the time the minor was admitted to the benefits of the partnership. Under this provision, a minor has the right to inspect the accounts of the partnership but to that fact does not have any right to inspect other documents of the partnership.
Even in Section 30(3) of the Indian Partnership Act, a minor can only be liable to the extent of his share in the partnership and can't be liable personally to the partnership for the losses of the firm.
According to Section 30(5) of the Indian Partnership Act, a minor has two options after attaining majority, either he can sever the connection with the firm or he can become a full-fledged partner in the firm. After leaving, he can avail any pending share of profits he is entitled to.
The minor has to make his decision within six months of his attaining majority. Section 7(a) of the Indian Partnership Act also states that after a minor partner has been admitted in the partnership as a full-fledged partner, he will be liable not only for the future liabilities of the firm but also the past liability from the date of his admission in the partnership.
[Extracted with edits and revisions from Minors As Partners of Firm, article by legalserviceindia]
Detailed Solution: Question 2
Directions: Read the following passage and answer the question.
Indian Partnership Act, 1932 defines persons as partners who have agreed to share profits of the business carried on by all or any of them acting for all. A minor is a person who hasn't yet attained the age of majority, which is eighteen years, according to the Indian Majority Act, 1875.
The general principle has been laid down by Section 11 of the Indian Contract Act, 1872, where it is discussed that who is competent to a contract and thereby stating that a minor doesn't have the ability to contract. Under Section 4 of the Indian Partnership Act, a firm means a group of people who has entered into a contract of partnership among themselves and reading it with Section 11 of the Indian Contract Act, it can be interpreted that a minor cannot be a part of a partnership contract.
However, the Supreme Court in the landmark judgement of Commissioner of Income Tax v. D. Khaitan and Co. took a legal stand that in a situation where a minor is made a full-fledged partner in the firm, the partnership cannot be registered by the Income Tax Department only.
Section 30(2) of the Indian Partnership Act states that a minor is entitled to share of profits and the property of the firm, which may have decided at the time the minor was admitted to the benefits of the partnership. Under this provision, a minor has the right to inspect the accounts of the partnership but to that fact does not have any right to inspect other documents of the partnership.
Even in Section 30(3) of the Indian Partnership Act, a minor can only be liable to the extent of his share in the partnership and can't be liable personally to the partnership for the losses of the firm.
According to Section 30(5) of the Indian Partnership Act, a minor has two options after attaining majority, either he can sever the connection with the firm or he can become a full-fledged partner in the firm. After leaving, he can avail any pending share of profits he is entitled to.
The minor has to make his decision within six months of his attaining majority. Section 7(a) of the Indian Partnership Act also states that after a minor partner has been admitted in the partnership as a full-fledged partner, he will be liable not only for the future liabilities of the firm but also the past liability from the date of his admission in the partnership.
[Extracted with edits and revisions from Minors As Partners of Firm, article by legalserviceindia]
Q. What is the status of a partnership agreement involving three adults and a minor?
The general principle has been laid down by Section 11 of the Indian Contract Act, 1872, where it is discussed that who is competent to a contract and thereby stating that a minor doesn't have the ability to contract. Under Section 4 of the Indian Partnership Act, a firm means a group of people who has entered into a contract of partnership among themselves and reading it with Section 11 of the Indian Contract Act, it can be interpreted that a minor cannot be a part of a partnership contract.
However, the Supreme Court in the landmark judgement of Commissioner of Income Tax v. D. Khaitan and Co. took a legal stand that in a situation where a minor is made a full-fledged partner in the firm, the partnership cannot be registered by the Income Tax Department only.
Section 30(2) of the Indian Partnership Act states that a minor is entitled to share of profits and the property of the firm, which may have decided at the time the minor was admitted to the benefits of the partnership. Under this provision, a minor has the right to inspect the accounts of the partnership but to that fact does not have any right to inspect other documents of the partnership.
Even in Section 30(3) of the Indian Partnership Act, a minor can only be liable to the extent of his share in the partnership and can't be liable personally to the partnership for the losses of the firm.
According to Section 30(5) of the Indian Partnership Act, a minor has two options after attaining majority, either he can sever the connection with the firm or he can become a full-fledged partner in the firm. After leaving, he can avail any pending share of profits he is entitled to.
The minor has to make his decision within six months of his attaining majority. Section 7(a) of the Indian Partnership Act also states that after a minor partner has been admitted in the partnership as a full-fledged partner, he will be liable not only for the future liabilities of the firm but also the past liability from the date of his admission in the partnership.
[Extracted with edits and revisions from Minors As Partners of Firm, article by legalserviceindia]
Detailed Solution: Question 3
Directions: Read the following passage and answer the question.
Indian Partnership Act, 1932 defines persons as partners who have agreed to share profits of the business carried on by all or any of them acting for all. A minor is a person who hasn't yet attained the age of majority, which is eighteen years, according to the Indian Majority Act, 1875.
The general principle has been laid down by Section 11 of the Indian Contract Act, 1872, where it is discussed that who is competent to a contract and thereby stating that a minor doesn't have the ability to contract. Under Section 4 of the Indian Partnership Act, a firm means a group of people who has entered into a contract of partnership among themselves and reading it with Section 11 of the Indian Contract Act, it can be interpreted that a minor cannot be a part of a partnership contract.
However, the Supreme Court in the landmark judgement of Commissioner of Income Tax v. D. Khaitan and Co. took a legal stand that in a situation where a minor is made a full-fledged partner in the firm, the partnership cannot be registered by the Income Tax Department only.
Section 30(2) of the Indian Partnership Act states that a minor is entitled to share of profits and the property of the firm, which may have decided at the time the minor was admitted to the benefits of the partnership. Under this provision, a minor has the right to inspect the accounts of the partnership but to that fact does not have any right to inspect other documents of the partnership.
Even in Section 30(3) of the Indian Partnership Act, a minor can only be liable to the extent of his share in the partnership and can't be liable personally to the partnership for the losses of the firm.
According to Section 30(5) of the Indian Partnership Act, a minor has two options after attaining majority, either he can sever the connection with the firm or he can become a full-fledged partner in the firm. After leaving, he can avail any pending share of profits he is entitled to.
The minor has to make his decision within six months of his attaining majority. Section 7(a) of the Indian Partnership Act also states that after a minor partner has been admitted in the partnership as a full-fledged partner, he will be liable not only for the future liabilities of the firm but also the past liability from the date of his admission in the partnership.
[Extracted with edits and revisions from Minors As Partners of Firm, article by legalserviceindia]
Q. In a scenario where a minor, doubting the accuracy of their profit share in the firm, wishes to review the firm's transaction contracts for profit calculation, a challenge arises. Who will prevail in this situation?
The general principle has been laid down by Section 11 of the Indian Contract Act, 1872, where it is discussed that who is competent to a contract and thereby stating that a minor doesn't have the ability to contract. Under Section 4 of the Indian Partnership Act, a firm means a group of people who has entered into a contract of partnership among themselves and reading it with Section 11 of the Indian Contract Act, it can be interpreted that a minor cannot be a part of a partnership contract.
However, the Supreme Court in the landmark judgement of Commissioner of Income Tax v. D. Khaitan and Co. took a legal stand that in a situation where a minor is made a full-fledged partner in the firm, the partnership cannot be registered by the Income Tax Department only.
Section 30(2) of the Indian Partnership Act states that a minor is entitled to share of profits and the property of the firm, which may have decided at the time the minor was admitted to the benefits of the partnership. Under this provision, a minor has the right to inspect the accounts of the partnership but to that fact does not have any right to inspect other documents of the partnership.
Even in Section 30(3) of the Indian Partnership Act, a minor can only be liable to the extent of his share in the partnership and can't be liable personally to the partnership for the losses of the firm.
According to Section 30(5) of the Indian Partnership Act, a minor has two options after attaining majority, either he can sever the connection with the firm or he can become a full-fledged partner in the firm. After leaving, he can avail any pending share of profits he is entitled to.
The minor has to make his decision within six months of his attaining majority. Section 7(a) of the Indian Partnership Act also states that after a minor partner has been admitted in the partnership as a full-fledged partner, he will be liable not only for the future liabilities of the firm but also the past liability from the date of his admission in the partnership.
[Extracted with edits and revisions from Minors As Partners of Firm, article by legalserviceindia]
Detailed Solution: Question 4
Directions: Read the following passage and answer the question.
Indian Partnership Act, 1932 defines persons as partners who have agreed to share profits of the business carried on by all or any of them acting for all. A minor is a person who hasn't yet attained the age of majority, which is eighteen years, according to the Indian Majority Act, 1875.
The general principle has been laid down by Section 11 of the Indian Contract Act, 1872, where it is discussed that who is competent to a contract and thereby stating that a minor doesn't have the ability to contract. Under Section 4 of the Indian Partnership Act, a firm means a group of people who has entered into a contract of partnership among themselves and reading it with Section 11 of the Indian Contract Act, it can be interpreted that a minor cannot be a part of a partnership contract.
However, the Supreme Court in the landmark judgement of Commissioner of Income Tax v. D. Khaitan and Co. took a legal stand that in a situation where a minor is made a full-fledged partner in the firm, the partnership cannot be registered by the Income Tax Department only.
Section 30(2) of the Indian Partnership Act states that a minor is entitled to share of profits and the property of the firm, which may have decided at the time the minor was admitted to the benefits of the partnership. Under this provision, a minor has the right to inspect the accounts of the partnership but to that fact does not have any right to inspect other documents of the partnership.
Even in Section 30(3) of the Indian Partnership Act, a minor can only be liable to the extent of his share in the partnership and can't be liable personally to the partnership for the losses of the firm.
According to Section 30(5) of the Indian Partnership Act, a minor has two options after attaining majority, either he can sever the connection with the firm or he can become a full-fledged partner in the firm. After leaving, he can avail any pending share of profits he is entitled to.
The minor has to make his decision within six months of his attaining majority. Section 7(a) of the Indian Partnership Act also states that after a minor partner has been admitted in the partnership as a full-fledged partner, he will be liable not only for the future liabilities of the firm but also the past liability from the date of his admission in the partnership.
[Extracted with edits and revisions from Minors As Partners of Firm, article by legalserviceindia]
Q. Can a minor who decided to dissociate from the partnership upon reaching the age of majority still claim their overdue share of profits as a matter of right?
The general principle has been laid down by Section 11 of the Indian Contract Act, 1872, where it is discussed that who is competent to a contract and thereby stating that a minor doesn't have the ability to contract. Under Section 4 of the Indian Partnership Act, a firm means a group of people who has entered into a contract of partnership among themselves and reading it with Section 11 of the Indian Contract Act, it can be interpreted that a minor cannot be a part of a partnership contract.
However, the Supreme Court in the landmark judgement of Commissioner of Income Tax v. D. Khaitan and Co. took a legal stand that in a situation where a minor is made a full-fledged partner in the firm, the partnership cannot be registered by the Income Tax Department only.
Section 30(2) of the Indian Partnership Act states that a minor is entitled to share of profits and the property of the firm, which may have decided at the time the minor was admitted to the benefits of the partnership. Under this provision, a minor has the right to inspect the accounts of the partnership but to that fact does not have any right to inspect other documents of the partnership.
Even in Section 30(3) of the Indian Partnership Act, a minor can only be liable to the extent of his share in the partnership and can't be liable personally to the partnership for the losses of the firm.
According to Section 30(5) of the Indian Partnership Act, a minor has two options after attaining majority, either he can sever the connection with the firm or he can become a full-fledged partner in the firm. After leaving, he can avail any pending share of profits he is entitled to.
The minor has to make his decision within six months of his attaining majority. Section 7(a) of the Indian Partnership Act also states that after a minor partner has been admitted in the partnership as a full-fledged partner, he will be liable not only for the future liabilities of the firm but also the past liability from the date of his admission in the partnership.
[Extracted with edits and revisions from Minors As Partners of Firm, article by legalserviceindia]
Detailed Solution: Question 5
