The correct answer is: A. Minor cannot be admitted as a partner.
A minor is a person who has not attained the age of majority, which is 18 years old in most jurisdictions. Under the law, minors are considered to be incompetent to enter into contracts, including partnership agreements. This is because minors are not considered to have the maturity and understanding necessary to make informed decisions about such agreements.
There are a few exceptions to this rule. For example, a minor may be able to enter into a partnership agreement if the agreement is for the minor’s benefit and is approved by a court. Additionally, a minor may be able to enforce a partnership agreement if the minor has received some benefit under the agreement.
However, in general, minors cannot be admitted as partners. If a minor is admitted as a partner, the partnership agreement may be voidable by the minor. This means that the minor can choose to cancel the agreement and return any benefits that they have received under the agreement.
The other options are incorrect because they do not accurately reflect the law on this issue. Option B states that a minor can be admitted as a partner only into the benefits of the partnership. This is not accurate, as a minor cannot be admitted as a partner at all. Option C states that a minor can be admitted as a partner, but his rights and liabilities are the same as the adult partner. This is also not accurate, as a minor’s rights and liabilities under a partnership agreement are different from those of an adult partner. Option D states that none of the above is true. This is also incorrect, as option A is the only option that is accurate.