Business Studies, asked by ss12345685, 4 months ago

a nominal partner is a partner is name only- he incurs no liabilities.

Answers

Answered by richitavermadpsv

Answer:

So, in essence, he is only lending his name to the partnership.But the nominal partner will be liable to outsiders and third parties for acts done by any other partners.

Explanation:

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a nominal partner is a partner is name only- he incurs no liabilities. ​

Answers

a nominal partner is a partner is name only- he incurs no liabilities.