Question

Q.3 Rakesh, Sudhir and Mohit have mutually decided to set up a small scale handicraft factory in a remote rural area in Haryana as it will not only help to meet the growing demand of the products but also generate different kinds of employment opportunities in the villages and faster its economic development. They have decided to promote the business in the form of partnership. Sudhir’s association with the firm will be hidden from the general public. Mohit will not take part in day-to-day activities of the business due to health issues however Rakesh will take active part in carrying out business of the firm on behalf of other partners. In the context of this case briefly explain the various types of partners which are being mentioned in the above paragraph.
Also name the type of partners not covered in the above case (4)

Answer 1

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Answer 2

Explanation:

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