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प्रश्न
Explain the following term/concept:
Nominal Partner.
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उत्तर
- A partner who only lends his name and reputation to the partnership firm is called a nominal partner.
- He is simply obliging his friends by allowing the firm to use his name as a partner.
- He may or may not be given any share in the profits of the firm.
- He does not contribute to the capital of the business.
- He is liable to the debts of the firm.
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संबंधित प्रश्न
State True or False:
Partnership agreement may be oral or written.
Complete the sentence.
Admission of new individual into existing business has given birth to _____________
Complete the sentence.
A partner who takes active participation in the day to day working of the business is known as _____________
Answer in one sentence.
What do you mean by minor partner?
Answer in one sentence.
What do you mean by partner-in-profits only?
Answer in brief.
State any four types of partners.
Attempt the following:
Explain different types of Partnership Firms.
Attempt the following:
Explain different types of Partners.
Attempt the following:
Explain the features of a partnership firm.
Answer in one sentence.
What is Quasi Partner?
Answer in one sentence:
What is Quasi Partner?
Answer in one sentence.
What is Quasi Partner?
What is Quasi partner?
Answer in one sentence.
What is Quasi Partner?
Answer in one sentence.
What is Quasi Partner?
Answer in one sentence.
What is Quasi Partner?
Mr. Sawant a Chartered Accountant by profession and Mrs. Tambe, an Architect by profession running a firm namely ‘ST Firms’ in Nagpur.
- Identify the form of business organisation in the above example.
- Is it a registered organisation?
- What is the Profession of Mr. Sawant?
Answer in one sentence.
What is Quasi Partner?
Which law defines a partnership in India and provides its legal framework?
