Question

A person who contributed capital but does not participate in day to day management

Answer 1

$\underline{ \underline{ \bold{ \red{ \: \: ANSWER \: \: }}}}$➡

$\boxed{ \boxed{ \bold{ \purple{Sleeping \: \: Partner \: \: or \: \: Dormant \: \: Partner}}}}$



$\underline{ \underline{ \bold{ \red{ \: \: DESCRIPTION \: \: }}}}$➡



$\bold{A \: \: person \: \: who \: \: contributes \: \: capital \: \: but \: \: doesnot} \\ \bold{participates \: \: in \: \:day \: \: to \: \: day \: \: \: management \: \: is \: \:} \\ \bold{known \: \: as \: \: \underline{ \purple{Sleeping \: \: Partner \: \: or \: \: Dormant \: \: Partner.}}}$



$\bold{In \: \: a \: \: partnership \: \: business\: \:there\: \:are \: \: } \\ \bold{different \: \: types \: \: o f\: partners.\: Partners\: \: who \: \: } \\ \bold{do \: \: not \: \: take \: \: part \: \: in \: \: the \: \: day \: \:to \: \: day } \\ \bold{activities \: \: of \: \: the \: \: business \: \: are \: \: called} \\ \bold{sleeping \: \: or \: \: dormant \: \: partners. \: A \: \: sleeping} \\ \bold{partner \: \: however \: \: contributes \: \: capital \: \: to} \\ \bold{the \: \: firm \: \: shares \: \: its \: \: profits \: \: and \: \: losses} \\ \bold{and \: \: has \: \: unlimited \: \: liability. \: These \: \: partners}\\ \bold{are \: \: bound\: \: by \: \: the \: \: activities \: \: of \: \: other} \\ \bold{active \: \: partners.}$

_________________________________________________

✝$\mathfrak{ \red{ \: THANKS...}}$✝