Business Studies, asked by sruthirajeesh1991, 10 months ago

Distinguish between nominal partners and partners in profit

Answers

Answered by fahadmughal929

Answer:

A partner who simply lends his name to the firm is called nominal partner.He neither contributes any capital nor shares in the profits or take part the management of the business.But he is liable to third parties like other partners.

Previous Question

Next Question

Similar questions

Science, 5 months ago

accha koi centrosome ke baare me bata do ...

English, 5 months ago

paragraph about being yourself means being productive ...

English, 5 months ago

"we took a torch for it war dark" indetify type of sentence...

India Languages, 10 months ago

வாரிசு இழக்கும்‌ கொள்கையின்‌ கருத்து மற்றும்‌ நடைமுறை பற்றி எழுதுக.

Sociology, 10 months ago

importance of family in urdu...

Math, 1 year ago

A die is loaded so that the probability of appearing in even number is twice the probability of appearing odd number if the die is thrown twice then find the probability of getting sum of two numbers is odd number...

Physics, 1 year ago

Define and explain coupling factor, directivity, isolation and insertion loss of a directional coupler...

Math, 1 year ago

A cylinder is 3 metre high and its circumference of its base is 20 m 22 m find its curved surface area...