Viju and Viru belonged to a small town in Bihar and aspired to be famous movie star
As the luck shined on Viju, he became a superstar in Bhojpuri cinemas. Whereas, after working in a few films as a supporting actor, Viru decided to you start an advertising agency in Patna. In order to give a boost to his business right from its inception he asked his friend Viju to become a partner in his business. Viju agreed to do so and allowed the use of his name by the firm. But he refused to participate in the management of the business.
(a) Identify and explain the type of partners being mention in the given paragraph.
(b) Also comment upon liability, capital contribution and shares in profit and loss wit regard to the types of partners as identified in part (a) of the question
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