Capacity to become a partner - partnership law, Business Law and Ethics

Capacity to Become a Partner - Partnership Law

Competence to enter in partnership is co-extensive about capacity to contract.  Actually an infant may enter in a contract either previous to or within a reasonable time of reaching the age like 18:  Partnership Act, by S.13

However a corporation may enter in a contract of partnership provided that act is during the powers whether as its Memorandum of Association and like a partnership may be with an personally or with another corporation or business.

Posted Date: 1/22/2013 5:55:09 AM | Location : United States







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