Select the most appropriate alternative from those given below and rew

1.	Select the most appropriate alternative from those given below and rewrite the statement.A partner who provides only capital to the firm is called as__________.OptionsActiveNominalSleepingMinor
Answer» A partner who provides only capital to the firm is called as sleeping partner. Explanation: A partner who just provides capital to the firm and does not take active part in day-to-day functioning of the business is a sleeping partner. But he is liable to the third parties for the dues of the firm.

Select the most appropriate alternative from those given below and rewrite the statement.A partner who provides only capital to the firm is called as__________.OptionsActiveNominalSleepingMinor

Answer»

A partner who provides only capital to the firm is called as sleeping partner.

Explanation: A partner who just provides capital to the firm and does not take active part in day-to-day functioning of the business is a sleeping partner. But he is liable to the third parties for the dues of the firm.

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Select the most appropriate alternative from those given below and rewrite the statement.A partner who provides only capital to the firm is called as__________.OptionsActiveNominalSleepingMinor

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