Accountancy, asked by sonarakshay70, 11 months ago

The partner who neither brings capital nor participates in day to day activities of business​

Answers

Answered by Anonymous
4

It is known as Nominal partners.

Nominal Partner:

They neither contribute the capia nor do they participate in the day to day activities of the business. However, they are liable to third party for all the actions of the firms. They allow the firm to use their names as partners.

Kindly mark brainliest!

Answered by Anonymous
0

Answer:

In unlimited partnership, every partner is liable, jointly with all the other partners and also severally, for all acts of the firm done while he is a partner. You can be held personally responsible for another partner's negligence or carelessness.

Similar questions