JAMB Commerce 2013 Objective — Question 20
Question 20 of 50 from the Joint Admissions and Matriculation Board (JAMB) Commerce 2013 Objective paper, with the correct answer and a full explanation.
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A business partner who provides capital but abstains from participation in administration of firm is a
- A. nominal partner
- B. secret partner
- C. dormant partnerCorrect
- D. general partner
Explanation
A dormant partner, also known as a sleeping partner, is a partner that contributes only capital but has no sufficient time to participate in running the business.
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