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Nadim (45 years old) decided to form a Limited Partnership with his son Adnan (16...

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Accounting

Nadim (45 years old) decided to form a Limited Partnership with his son Adnan (16 years old) and his daughter Dora (15 years old). The company was named Nadim for General Trading. Nadim later on broke up with his wife and discovered that Adnan transferred his parts to his mother Naya. Nadim objected on this transfer while Naya insisted on it since Adnan was 18 years old at the date of the transfer.

Can Adnan and Dora be partners in the aforementioned company? *

Yes, since they will be silent partners

Yes, since it is a family business

Yes, since they will be active partners

No, since they must be qualified

Is the transfer between Adnan and Naya valid? *

No, since the transfer needs approval of silent partner only

No, since transfer for a 3rd party needs approval of all other partners

Yes, since the company is a family business

Yes, since Adnan was 18 years old at the date of the transfer

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