Question

Whether Estoppel partner need to contribute capital?

Answer 1

He contributes to the capital of the firm, takes part in the management, shares its profits and losses, and has unlimited liability towards the creditors. Nominal Partner: ... Similarly, the nominal partner does not contribute capital and does not share profit and losses, but is known to outsiders

Answer 2

Answer:

they do not contribute capital or take part in its management....

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