Question

explain -a)dormant partner​

Answer 1

Answer:

Question :-

• Explain - a) dormant partner?

Answer :-

• A dormant business partner is a contributor or investor who is not active in managing a firm and may not be known to the outsiders. A dormant partner shares profits and losses with other partners but generally may withdraw from the firm without notice to the lenders.

Answer 2

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DORMANT PARTNER. One who is a participant in the profits of a firm, but his name being concealed, his interest is not apparent.