Multiple choice

Types of partners includes

  1. active partner

  2. sleeping partner

  3. nominal partner

  4. all of these
Reveal answer Fill a bubble to check yourself
D Correct answer
Explanation

Partners can be classified in various ways based on their involvement, liability exposure, and contributions. Active partners participate in business operations, sleeping partners contribute capital but don't participate, nominal partners lend their name without actual contribution or involvement. Other types include minor partners, partners by estoppel, and limited partners in LLPs. Option D correctly includes all these standard categories.

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