Mr. A lends his name to a firm but invests nothing. He is :

CS CSEET · Business Laws and Management · PYQS · October 2026
Mr. A lends his name to a firm but invests nothing. He is :
(A) Sleeping partner
(B) Nominal partner
(C) Sub-partner
(D) Partner in profits only

Answer & Explanation:

Correct Answer: Option (B)

Correct answer: (B) Nominal partner.

Topics: Partnership Act, 1932

Open in Interactive Practice Hub · Full Practice Hub · Chapter Weightage · More in this subject

Related Questions in this Topic