Question

Identify the type of partner highlighted in the following statements:’
i. He allows the use of his goodwill to benefit the firm and can be represented as a partner.
ii. He is also known as a dormant partner.
iii. He gives an impression of his being a partner to others by his conduct.
iv. He performs day-to-day activities of business regularly.
v. His association with the firm is not disclosed to the general public.

Answer 1

1. nominal partner
2.sleeping partner
3.partner by estoppel
4.active partner
5.sleeping partner

Answer 2

Answer:

5th is answered wrongly, 5th is secret partner.