Sleeping partners are those who _______. (a) Take an active part in the conduct of the business
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Question:
Sleeping partners are those who _______.
(a) Take an active part in the conduct of the business but provide no capital. However, salary is paid to them
(b) Do not take any part in the conduct of the business but provide capital and share profits and losses in the agreed ratio
(c) Take an active part in the conduct of the business but provide no capital. However, share profits and losses in the agreed ratio
(d) Do not take any part in the conduct of the business and contribute no capital. However, share profits and losses in the agreed ratio
Related Book For
Smith and Roberson Business Law
ISBN: 978-0538473637
15th Edition
Authors: Richard A. Mann, Barry S. Roberts
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