A partner without an unlimited liability is known as a?

Richie_rich24

2 months ago

The correct answer is:
B. nominal partner
Explanation:
A nominal partner is a partner who contributes only his name or reputation to the business but does not take part in management and has limited or no liability in practice.
Other options:
A. Dormant partner → invests capital but does not participate in management (still has liability)
C. General partner → has unlimited liability
D. Active partner → participates in management and also has unlimited liability
So, the correct answer is B