Question

A, B, C, D and E 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 share profit and losses and is liable to an unlimited extent to the creditor of the firm. Mr. B has contributed capital and shares its profit and losses. He has also 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 respect he is like an active partner.
Mr. D has allowed he firm to use his name as he enjoy good reputation among clients but he does not either contribute capital or take part in the management.
Master E, 15 years old of age is entitled to the benefits of a partnership with mutual consent of all their members. He is not eligible to take part in the management of firm and shares only profits and losses of the firm.
(i) How many partner do the firm has?
(ii) Who is the active partner and what is 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. C and what kind of liability does he have in the firm?
(v) Give the name of Type of Partner of Mr. D in firm.
(vi) Is Master E a legal partner? Can be held liable for the liability of the firm?​

Answer 1

Answer:

are you thinking that we are jokers here?

if you think that you are wrong

Explanation:

sorry friend bye