Multiple choice

It is not compulsory to give a public notice in case of retirement of a/an

  1. sleeping partner

  2. partner by holding out

  3. nominal partner

  4. active partner

Reveal answer Fill a bubble to check yourself
A Correct answer
Explanation

Option (1) is correct: Since the existence of a sleeping partner is not known to the outside world, so it is not necessary for to give a public notice of his retirement. In all the other cases, a public notice is required.