Multiple choice

A partner which does not take part in day to day activities of the business is known as

  1. Dormant partner

  2. Working partner

  3. Partner of estoppel

  4. Secret partner

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

A dormant partner (also known as a sleeping partner) contributes capital and shares in profits/losses but does not participate in the daily management of the firm.