Assertion (A): A minor cannot be admitted in a firm as a partner. Reason (R): A minor can participate in the profits of a firm. In the context of the above two statements, which of the following is correct?

Question

KollegeApply · Accepted Answer

Both Assertion (A) and Reason (R) are correct. Explanation: A minor cannot be a full partner in a firm but can be admitted to its benefits, meaning they can receive a share in the profits. So, both the assertion and reason are correct, and the reason supports the assertion.

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