CAF-4 · Chapter 13 · Question 3 of 10
When a minor admitted to the benefits of a partnership attains the age of majority, what is the time limit for them to decide whether to become a full partner or leave the firm?
Test yourself: pick an answer
Reveal answer & explanation
Correct answer: C) Six months
Explanation
On attaining majority (or within six months of obtaining knowledge of their admission, whichever is later), the minor must give public notice within six months electing to become or not to become a partner.
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