A sleeping partner is one who __________.
A. contributes capital
B. takes active part in the business
C. contributes members
D. contributes materials
Answer: Option A
Solution(By Examveda Team)
A sleeping partner is one who contributes capital. A sleeping partner is a partner who 'sleeps', that is, he does not take active part in the management of the business. Such a partner only contributes to the share capital of the firm, is bound by the activities of other partners, and shares the profits and losses of the business.This Question Belongs to Commerce >> Business And Commerce
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