Who issues certificate of registeration to a firm?
  • Central Government
  • State Government
  • Registrar of Firms
  • Municipal Corporation

C.

Registrar of Firms
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In a partnership organization, every partner is
  • Only an agent of a firm
  • Only the owner of a firm
  • Both owner and agent of a firm
  • Appoints both owner and agent of a firm

C.

Both owner and agent of a firm
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Name the partner, who neither contributes any capital nor takes active interest in the routine working of the firm, but only give his/her name for the goodwill of a partnership firm.
  • Nominal Partner
  • Sleeping Partner
  • Partner by Estoppel
  • Minimal Partner


A.

Nominal Partner
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What is the liability of minor partner?
  • No liability
  • Unlimited Liability
  • Limited LIability
  • None of the above

C.

Limited LIability
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Which of the following does not come under the category of a complete partner?
  • Nominal partner by holding out
  • Sleeping Partner
  • Active Partner
  • Secret Partner

A.

Nominal partner by holding out
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