Discussion Forum : Forms Of Business Organisation
Question -
Mr David is a well-known layer. He has joined a couple of firms for known facts and reasons. He is a partner of a big law firm in Mumbai. But he does not add capital, nor does he participate in the management. What kind of partner is he with the big law firm?
Answer: Option D
:
D
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:
D
Nominal partners do not add capital, participate in the management nor do they receive any profits.
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