Multiple choice

Sachin Tendulkar is not a partner of ABC and Associates. Still, he has allowed the firm to use his name. What kind of the partner is he?

  1. Active partner

  2. Dormant partner

  3. Nominal partner

  4. Sub-partner
Reveal answer Fill a bubble to check yourself
C Correct answer
Explanation

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

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