Advertisements
Advertisements
Question
Who is called a Secret partner?
Advertisements
Solution
A secret partner is one whose association is not known to the general public. Other than this distinct feature, he is like the rest of the partners in all respects.
APPEARS IN
RELATED QUESTIONS
Write only ‘one’ word or phrase or term which can substitute the following statement :
A partner who gives only his name to the partnership firm.
Write short answer of the following.
State the types of partners.
Write short note on the following.
Type of partners
What is meant by 'partner by estoppel'? Explain.
Who is a Sleeping partner?
Who is a Minor?
Can a minor is admitted in the partnership business – Why?
Who is responsible for managing daily operations and has unlimited liability in a partnership firm?
Which type of partner only shares profits, cannot participate in management, and has no personal liability for the firm’s losses?
When a person who has retired leaves their capital in the firm and continues earning but has no management role, what are they called?
