Question
Kumar has completed his senior secondary examination from Central Board of Secondary Education. After the results had been declared his father asked him what he would like to do in the future. Kumar was undecided and did not answer. His father advised him to start his own business and to pursue his studies through distance learning mode. Kumar reluctantly agreed.
He entered into a partnership agreement with one of his school friend, Gurmeet and his distant Uncle. They decide to start a business of cold drinks with traditional mughlai aroma in a fashionable crowded street of Bengaluru. Because of the novelty of their product their sales increased on daily basis and they earned good profits. But Kumar and Gurmeet are very sad due to sudden demise of their uncle. On suggestion of Kumar's father they decided to admit 13 years old son of their uncle in partnership on 1 January 2018.
On the basis of the given information, answer the following questions:
(a) What is a status of his uncle's son in partnership?
(b) Will his status change after attaining majority?
He entered into a partnership agreement with one of his school friend, Gurmeet and his distant Uncle. They decide to start a business of cold drinks with traditional mughlai aroma in a fashionable crowded street of Bengaluru. Because of the novelty of their product their sales increased on daily basis and they earned good profits. But Kumar and Gurmeet are very sad due to sudden demise of their uncle. On suggestion of Kumar's father they decided to admit 13 years old son of their uncle in partnership on 1 January 2018.
On the basis of the given information, answer the following questions:
(a) What is a status of his uncle's son in partnership?
(b) Will his status change after attaining majority?