Active partner is one who
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takes part in the business of the firm
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actively participates in co-curricular activities
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actively shares the profits
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makes a show of authority
Reveal answer
Fill a bubble to check yourself
A
Correct answer
Explanation
An active partner is defined as one who actively participates in the conduct and management of the firm's business affairs. This distinguishes them from sleeping or dormant partners who do not take part in business operations. Option A correctly captures this definition. Option B refers to co-curricular activities which are irrelevant to partnership. Option C mentions profit-sharing which is a right of all partners, not specific to active partners. Option D suggests showing authority which is not the legal definition - actual participation in business is what matters.