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A sleeping partner is one who

This question belongs to Commerce Business And Commerce
Business and Commerce
?

A sleeping partner is one who __________.

Answer & Solution
Correct Answer: Option A
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.
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