Question

a partner who is not actually involved in the partnership but lends his name for public relations purposes is a: select one: a. general partner b. dominant partner c. silent partner d. nominal partner

Answer 1

HEY MATE HERE IS YOUR ANSWER:-

THE CORRECT OPTION IS C (SILENT PARTENER.

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Answer 2

A ‘partner’ who is not actually involved in the ‘partnership’ but lends his name for ‘public relations’ purposes is a ‘Nominal partner’.

Option: (d)

Explanation:

• A nominal partner only lends his name for the business and has no other major contributions in the firm.  

• Any form of the partnership involves the working of ‘two or more people’ together in a business or a profession and they and share the profits from the business together.

• There are always different kinds of partners involved in a business and for sharing of the profits and other liabilities of the firm.  

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