Multiple choice

Which of the following statements is/are correct? a. A person who does not take part in day to day activities of the business is known as a partner by Estoppels. b. A person who is represented as a partner and despite knowing this does not deny this impression, is known as a partner by holding out. c. A person whose association with the firm is not disclosed to the general public is known as the Nominal partner.

  1. only a

  2. only b

  3. only c

  4. both a and c

  5. a, b and c
Reveal answer Fill a bubble to check yourself
B Correct answer
Explanation

A person who is represented as a partner and despite knowing this does not deny this impression, is known as a partner by holding out. This is the correct statement.

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