partnership with a minor Select the best answer D gave each of his children, T a
ID: 2616338 • Letter: P
Question
partnership with a minor Select the best answer D gave each of his children, T and B, a 20% interest in his bookkeeping firm. T, aged 16, is a minor and still in high school. B, aged 22, attends college in another state and is interested in the business. D gave the 20% partnership interest to B under the terms that B cannot sell or pledge her interest in the firm without her father's written approval. Which of the children, if any, is in partnership with D? A. B is a partner because T, as a minor, cannot be a partner. B. B did not create a partnership with his children C. D, T, and B will be considered as partners in a family partnership. D. T is a partner because B has a restricted right to dispose of her interest. Submit AnswersExplanation / Answer
A. B is a partner because T , as a minor cannot be a partner , any contract with a minor is null and void.But for partnership contract, with consent of all partners ,a minor can be admitted to partnership benefits
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