X and Y are partners in a firm that develops software for industries. X’s minor son Z is a computer wizard. Can he be admitted to the partnership firm?

Yes, if both agree

The correct answer is option 3- Yes, if both agree.

Section 30 of the Indian Partnership Act, provides that though a minor cannot be a partner in a firm, but, with the consent of all the partners, for the time being, he may be admitted to the benefits of the partnership by an agreement executed through his guardian with the other partners.