On election to become a partner on attaining majority by a...

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On election to become a partner, on attaining majority, by a minor who was admitted to the benefits of the firm, under section 30(7)of the Act, his rights and liabilities in the firm

A. Shall relate back to the date of his attaining majority irrespective of the date on which he exercised the option

B. Shall relate back to the date when he was admitted to the benefits of the firm

C. Shall commence from the date of his exercising the option by giving the public notice

D. Shall commence from the date as decided by all the partners

Answer: Option B

This Question Belongs to Law >> Indian Partnership Act

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