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Compare the situation of a minor in a partnership firm with his situation as a minor in a Hindu Undivided Family. |
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Answer» The inclusion of an individual in the business occurs due to birth in a Hindu Individual family. Therefore, a minor is also a part of such business since his/her birth. The partnership is a contract, whereas a minor cannot enter into a contract legally. Therefore, he cannot be a partner in a partnership firm. But, he can have access to a part of the profit earned with the consent of all the partners. In this case, the minor’s right would be restricted to their capital investment only. |
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