LIVE Course for free

Rated by 1 million+ students
Get app now
0 votes
in Business Studies by (64.3k points)

Compare the status of a minor in a Joint Hindu Family Business with that in a partnership firm.

1 Answer

0 votes
by (106k points)
selected by
Best answer

A minor becomes a member of Joint Hindu Family Business by virtue of his birth. On the other hand, in partnership, minor can be a partner only in profits.

Welcome to Sarthaks eConnect: A unique platform where students can interact with teachers/experts/students to get solutions to their queries. Students (upto class 10+2) preparing for All Government Exams, CBSE Board Exam, ICSE Board Exam, State Board Exam, JEE (Mains+Advance) and NEET can ask questions from any subject and get quick answers by subject teachers/ experts/mentors/students.