Write a note on types of partners
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Explanation:
- Active or managing partner: A person who takes active interest in the conduct and management of the business of the firm is known as active or managing partner. ...
- Sleeping or dormant partner: ...
- Nominal or ostensible partner: ...
- Partner by estoppel or holding out: ...
- Partner in profits only: ...
- Minor as a partner: ...
- Other partners:
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