MCQOPTIONS
Saved Bookmarks
MCQOPTIONS
| 1. |
A nominal partner is ______. |
| A. | not entitled to share the profits of the concern |
| B. | entitled to equal share in the profits unless there is an agreement to any other profit sharing ratio |
| C. | not liable for the acts of other partners |
| D. | not able to third parties |
| Answer» B. entitled to equal share in the profits unless there is an agreement to any other profit sharing ratio | |