A person who is not a partner of a Partnership Firm, but he may liable – McqOptions

MCQOPTIONS

1.	A person who is not a partner of a Partnership Firm, but he may liable for firm s debt as if he was a Partner. Such a person is called
A.	Nominal Partner
B.	Sleeping Partner
C.	Partner by estoppels
D.	Partner for profit only
Answer» D. Partner for profit only

Discussion

No Comment Found

Related MCQs

The term 'sub-agent' in the business of agency is defined as a person employed by, and acting under the control of the
Which of the following is not the mode of dissolution of a firm under voluntary dissolution?
The Regional Director shall communicate the confirmation of shifting of registered office within __________ days of receipt of the application.
The private placement shall be made, not more than ___________ persons in aggregate in a financial year.
The company shall not issue sweat equity shares for more than _______________ of the existing paid up share capital in a year.
In case of unlisted company the duplicate share certificate shall be issued within a period of-
Intimation of the reconstitution of change in a registered partnership is to be given to the Registrar of firms-
When a professional promotes a position or opinion to such extent that some objectivity may have to be compromised, this threat is known as
Every inspector appointed under the Factories Act or Payment of Wages Act is deemed to be a
In a partnership firm, the decision can be made by rule of majority when decisions relate to