Tax Management India. Com
Law and Practice  :  Digital eBook
Research is most exciting & rewarding
  TMI - Tax Management India. Com
Follow us:
  Facebook   Twitter   Linkedin   Telegram

TMI Blog

Home

1922 (1) TMI 10

X X   X X   Extracts   X X   X X

→ Full Text of the Document

X X   X X   Extracts   X X   X X

..... y of certain moneys said to be due on account of transactions which took place in the year 1917. The firm is sued through Muhammad Rafiq and is shown as consisting of two members only. The transactions in question took place while Muhammad Rafiq was a minor and the plaintiff claims to recover from his share of the partnership property on the strength of Section 247 of the Contract Act. The suit wa .....

X X   X X   Extracts   X X   X X

→ Full Text of the Document

X X   X X   Extracts   X X   X X

..... her and that, although Section 247 provides that a minor may be admitted to the benefits of a partnership, it does not cancel or revoke Section 11 of the Contract Act and make it possible for a minor simultaneously to create a partnership and to admit himself to the benefits of the same. We find this contention to be sound and convincing, Counsel for the respondent has quoted many rulings such as .....

X X   X X   Extracts   X X   X X

→ Full Text of the Document

X X   X X   Extracts   X X   X X

..... the firm, and it explains that a minor can act as an agent under Section 184 of the Indian Contract Act and can bind the firm. The words of Section 247 of the Contract Act are that a minor may be admitted to the benefits of partnership and, if so admitted his share is liable. 4. If, however, the partnership be based on contract as is alleged to be the case here, the privilege conferred on the .....

X X   X X   Extracts   X X   X X

→ Full Text of the Document

X X   X X   Extracts   X X   X X

 

 

 

 

Quick Updates:Latest Updates