Question

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?

विकल्प

• Assertion (A) is correct, but Reason (R) is wrong.

• Both Assertion (A) and Reason (R) are correct.

• Assertion (A) is wrong, but Reason (R) is correct.

• Both Assertion (A) and Reason (R) are wrong.

Answer 1

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.