Multiple choice

A partner whose existence is not known to the public is called

  1. active partner

  2. dormant partner

  3. nominal partner

  4. sub-partner

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

Sleeping or dormant partner only invests the money. He is not known to public. Active partner actively participates in the business. Nominal partner gives his name to firm. Sub-partner is the partner of partner.