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  • Partnership Act Test -4
  • When a partner agrees to share his profits derived from a...
Multiple choice

When a partner agrees to share his profits derived from a firm with a third person, that third person is known as a

  1. sleeping partner

  2. nominal partner

  3. sub-partner

  4. Not a partner

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

Option (3) is correct.

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