A partner whose only contribution to the partnership is his name and goodwill is

a

an active partner

b

a limited partner

c

a nominal partner

d

a sleeping partner

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Explanation

Correct Option
c

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Discussions (1)

Nene237
4 years ago

The right answer is suppose to be NORMINAL PATNER. LIMITED PARTNER invests money in exchange for shares in the partnership but has restricted voting power on company business and no day-to-day involvement in the business

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