If a minor partner on attaining majority chooses to continue as a partner of the firm, he shall be liable to the category of the firm, in this
A. From the date of attainment of majority
B. From the date of receipt of profit of the firm
C. From the date on which he chooses to becomes a partner
D. From the date of option being exercised by the guardian
Answer: Option C
Related Questions on Business and Commerce
A. Commerce
B. Industry and commerce
C. Trade and commerce
D. Selling and buying of goods
Which of the following is not an economic activity?
A. A doctor practicing
B. A lawyer practicing law
C. A professional cricketer playing cricket
D. A student playing cricket
Which of the following is an extractive industry?
A. Cattle breeding
B. Forest cultivation
C. Hunting
D. Flour mills
Which of the following is not a manufacturing industry?
A. Iron and steel works
B. Flour Mills
C. Fruit canning
D. Mining
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