Question
Legal Studies Question on Company Law
Which of the following liabilities remains when a minor decides not to become a partner, according to Indian Partnership Act, 1932?
A
His rights and liabilities as a minor continue up to date on which he gives public notice of his election not to become a partner
B
His share shall not be liable for any acts of the firm after the date of giving public notice of his election not to become a partner
C
He shall be entitled to sue the partners for his share of property and profits of the firm
D
All the above.
Answer
All the above.
Explanation
Solution
The correct option is (D): All the above..