Multiple choice

Active partner is one who

  1. takes part in the business of the firm

  2. actively participates in co-curricular activities

  3. actively shares the profits

  4. makes a show of authority
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A Correct answer
Explanation

An active partner is one who actively participates in the day-to-day business operations and management of the firm. This is different from merely sharing profits or showing authority - it involves actual engagement in business activities. Co-curricular activities are irrelevant to partnership status.

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