Question

The following is true about partnership firms

• A. A new partner can be admitted in a partnership firm with the consent of all partners.
• B. A minor is incompetent to contract but his share in the property and profits is liable for the acts of the firm.
• C. A person may be held liable as a partner under the doctrine of holding out.
• D. All of the above statements are true

Answer 1

The Correct Option is D

The correct option is (D): All of the above statements are true.