Which of the following statement is not true about minor's position in a form?
A) He cannot become a partner in an existing firm
B) He can become a partner in an existing firm
C) He can be admitted only to the benefits of any existing firm
D) He can become partner on becoming a major
Correct Answer:
Verified
Q15: Which of the following statement is true?
A)There
Q16: Consideration may be
A)Past
B)Present
C)Future
D)All of the above
Q17: Consideration in sample term means
A)Anything in return
B)Something
Q18: Which of the following is not an
Q19: Ordinarily, a minor's agreement is
A)Void ab initio
B)Voidable
C)Valid
D)Unlawful
Q20: A minor's liability for 'necessaries' supplied to
Q22: Which of the following statement is true?
A)A
Q23: Consent is not said to be free
Q24: When the consent of a party is
Q25: The threat to commit suicide amounts to
A)Coercion
B)Undue
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