Identify the type of partner highlighted in the following statements.
a) This partner does not take part in the day-to-day activities of the business.
b) He gives an impression of his being partner to others by his words of conduct.
c) He allows the use of his goodwill to benefit the firm and can be represented as a
partner.
d) He is represented as a partner and inspite of knowing this, he does not deny such
impression.
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Answer:
a) dormant or sleeping partner
b) partner by estoppel
c) nominal partner
d) partner by holding out
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