Q7
Who is dormant partner?
A.
One who takes no active part in business
AnswerB.
A working partner
C.
Partner for profits
D.
Minor partner
Answer: Option A
Solution
Answer: Option A
Solution:
One who takes no active part in business is dormant partner. But is entitled to a share of the profits, and subject to a share in losses; - called also sleeping partner or silent partner.