Gurpreet and Subhash are partners of a garment manufacturing firm which is planning to
manufacture bags for utilisation of waste materials. Poonam is not a partner but allows
herself to be represented as one. They decided to donate 10% of the revenue generated
from the sale of bags to a nearby orphanage.
(a) Identify the type of partner Poonam is.
(b) Is Poonam liable for the debts of the firm towards third parties? Give reason.
List any two values reflected in the above case.
Answers
Answered by
1
Poonam is a nominal partner.
yes, a nominal partner is liable for the debts of firm because she is a partner for the outsiders as her name is being used .
two values reflected are
1. care towards needy
2. environment friendly
yes, a nominal partner is liable for the debts of firm because she is a partner for the outsiders as her name is being used .
two values reflected are
1. care towards needy
2. environment friendly
Similar questions