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Question

A ______________ Is One Who Allows the Use of His/her Name by a Firm, but Does Not Contribute to Its Capital


A

Sleeping partner

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B

Secret partner

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C

Active partner

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D

Nominal partner

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Solution

The correct option is D

Nominal partner


Nominal partner

A nominal partner is one who does not have interest in the trade or its profits. But allows the use of his or her name in the firm.


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