Question

rom, Shenoy, Day and they are partners in
management of him. He shares profile and loss and stable
contributed capital and share its pro and low He
has unlimited liability but he does not take part in day to day
activities of business Shenoy is partner, his assion with
the firm is unknown to weneral public but in all other respects
he is like an active pariner Devallowed the firm to use his
name as he enjoy wood reputation among dients he neither
contributes capital or take part in management thay, is of
15 years and is entitled to the benefits of partnership with
mutual consent of all other members. He is not alwble to take
part in management of firm and shares only profits and not
losses
#) in the above care, how many types of partnere
involved in partnership him?
b) Who is working as an active partner and what is the
nature of his liability
6) Who is working as a sleeping partner and what is the
d) Who is working as a secret partner and what is the
3) Who is working as a nominal partner and what is the
Islakshay a legal partner Can be be held for losses of
business? What is the nature of his liability

Answer 1

Answer:

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