Where a partner does not participate into the affairs of a company and only shares the profit then, he is called ___________.
A. Ostensible partner
B. Dormant partner
C. Sleeping partner
D. Both (b) & (c)
Answer:D
Where a partner does not participate into the affairs of a company and only shares the profit then, he is called ___________.
A. Ostensible partner B. Dormant partner C. Sleeping partner D. Both (b) & (c)