A nominal partner is ______.
A. not entitled to share the profits of the concern.
B. entitled to equal share in the profits unless there is an agreement to any other profit sharing ratio.
C. not liable for the acts of other partners.
D. not able to third parties.
Answer:A
A nominal partner is ______.
A. not entitled to share the profits of the concern. B. entitled to equal share in the profits unless there is an agreement to any other profit sharing ratio. C. not liable for the acts of other partners. D. not able to third parties.