A partner who is entitled to share in the profits of a partnership firm without being liable to share the losses, is called a _______.

Super partner

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Sleeping or dormant partner

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Nominal partner

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Partner in profits only

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Solution

The correct option is C Partner in profits only
A partnership basically refers to the contract between two or more people who have agreed to carry on certain business in order to achieve common goals.
According to the Partnership Act, Partners in profits only are the partners who are entitled to share in the profits of a partnership firm but not the losses of the firm.

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