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A person when himself told that he is a partner of the firm, then he is a: 
  • a)
    Partner by holding out 
  • b)
    Nominal partner 
  • c)
    Active partner 
  • d)
    Sleeping partner 
Correct answer is option 'A'. Can you explain this answer?
Most Upvoted Answer
A person when himself told that he is a partner of the firm, then he i...
Partner by holding out means The partner who acts like a partner of the firm but actually he/she is not...thus the ans a) is correct
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A person when himself told that he is a partner of the firm, then he is a:a)Partner by holding outb)Nominal partnerc)Active partnerd)Sleeping partnerCorrect answer is option 'A'. Can you explain this answer?
Question Description
A person when himself told that he is a partner of the firm, then he is a:a)Partner by holding outb)Nominal partnerc)Active partnerd)Sleeping partnerCorrect answer is option 'A'. Can you explain this answer? for CA Foundation 2024 is part of CA Foundation preparation. The Question and answers have been prepared according to the CA Foundation exam syllabus. Information about A person when himself told that he is a partner of the firm, then he is a:a)Partner by holding outb)Nominal partnerc)Active partnerd)Sleeping partnerCorrect answer is option 'A'. Can you explain this answer? covers all topics & solutions for CA Foundation 2024 Exam. Find important definitions, questions, meanings, examples, exercises and tests below for A person when himself told that he is a partner of the firm, then he is a:a)Partner by holding outb)Nominal partnerc)Active partnerd)Sleeping partnerCorrect answer is option 'A'. Can you explain this answer?.
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