Pakistan study notes for Matric, Intermediate, B.A, B.COM BSC, M.A, BCS. Free Pakistani Urdu educational school, colleges and University notes.

Who may or may not be partner

Who may or may not be partner

Any person who is competent to contract under section 11 of the Contract Act, 1872 may be a partner in any partnership. Some special situations are discussed hereunder:

 

1. Married woman belonging to any community can be a partner in a firm by entering into a contract of partnership.

 

2. Alien friend can be a partner in a firm.

 

3. Corporation or a company registered under the Companies Ordinance, 1984 can enter into a contract of partnership as a single individual as it is an artificial person created by law.

 

4. Person of unsound mind cannot be partner as he is incompetent to enter into a contract under the Contract Act.

5. Minor cannot be a partner in a firm as he is incompetent to contract. However with the consent of all the partners he may be admitted to the benefit of partnership.

6. Alien enemy cannot enter into a contract of partnership with a Pakistani subject.

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