A person was admitted to the benefits of a partnership as a minor and first learns of the admission three months after reaching majority. No public notice of election is given. When does that person…
Question and options
A person was admitted to the benefits of a partnership as a minor and first learns of the admission three months after reaching majority. No public notice of election is given. When does that person become a partner under section 30(5) of the Indian Partnership Act, 1932?
On reaching majority
Six months after learning of the admission
Six months after reaching majority
Only when the other partners again consent
Answer and explanation
Correct answer: B - Six months after learning of the admission
The six-month period runs from the later of reaching majority and learning of the admission to the benefits of partnership. When the period expires without public notice, the person becomes a partner.
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