Mr. Gupta is a partner to a firm. He has been adding capital, taking part in decisions, receives maximum shares. What kind of partner is he in the company?

Nominal partner

No worries! We‘ve got your back. Try BYJU‘S free classes today!

Sleeping partner

No worries! We‘ve got your back. Try BYJU‘S free classes today!

Active partner

Right on! Give the BNAT exam to get a 100% scholarship for BYJUS courses

Secret parnter

No worries! We‘ve got your back. Try BYJU‘S free classes today!

Open in App

Solution

The correct option is C
Active partner

Active partners add capital, take part in decisions and receive maximum shares.

Suggest Corrections

Similar questions

A partner whose association with the firm is unknown to the general public is called

(a) Active partner

(b) Sleeping partner

(d) Secret partner

Describe the following :

(a) Sleeping partner

(b) Secret partner

(d) Active partner

Q. 'A', 'B', 'C', 'D' and 'V are partners in partnership firm. The firm has different types of partners. Mr. A has contributed capital and participates in the management of firm. He shares profits and losses and is liable to an unlimited extent to the creditors of the firm.
Mr. B has contributed capital and shares its profits and losses. He also has unlimited liability but he does not take part in day to day activities of business. Association of Mr. C is not known to the general public but in all other respects he is like an active partner. Mr. D has allowed the firm to use his name as he enjoys good reputation among clients but he does not either contribute capital or take part in the management.
Master 'E', 15 years of age is entitled to the benefits of partnership with mutual consent of all their members. He is not eligible to take part in management of firm and shares only profits and not losses of the firm.
(i) How many partners do the firm has?
(ii) Who is the active partner and what is the nature of his liability in the firm?
(iii) Who is the sleeping partner in the firm and what is the nature of his liability?
(iv) What kind of partner is Mr.0 and what kind of liability does he have in the firm?
(v) How does the partnership relationship of Mr. C differs from Mr. D ? How do they differ in their liability?
(vi) Is Mast. E a legal partner? Can be held liable for the liability of the firm?

Q. A is admitted as a nominal partner in the firm of P, Q and R. He can become a partner by ______________________.

Mr David is a well-known layer. He has joined a couple of firms for known facts and reasons. He is a partner of a big law firm in Mumbai. But he does not add capital, nor does he participate in the management. What kind of partner is he with the big law firm?

Join BYJU'S Learning Program

Mr. Gupta is a partner to a firm. He has been adding capital, taking part in decisions, receives maximum shares. What kind of partner is he in the company?

The correct option is C Active partner Active partners add capital, take part in decisions and receive maximum shares.

The correct option is C
Active partner

Active partners add capital, take part in decisions and receive maximum shares.