NABTEB Commerce 2024 Objective — Question 6

Question 6 of 50 from the National Business and Technical Examinations Board (NABTEB) Commerce 2024 Objective paper, with the correct answer and a full explanation.

A partner who loses his capital only, in case of bankruptcy, is a

A. A. nominal partner
B. B. a limited partnerCorrect
C. C. a general partner
D. D. an active partner

Explanation

A limited partner's liability is restricted to the amount of capital they contributed, so they only lose that capital in bankruptcy.

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