Forms of Business Organisation-1 — OCM STD 11 Commerce — Question
Gujarat BoardEnglish MediumSTD 11 CommerceOCMForms of Business Organisation-12 Marks
Question
Who is called a nominal partner?
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Answer
A partner who neither invests capital nor plays an active role in management but allows the partnership firm to use his name and influence for increasing the credibility, growth and expansion of the business is called a nominal partner.
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