WAEC Commerce 2020 Objective — Question 7
Question 7 of 50 from the West African Examinations Council (WAEC) Commerce 2020 Objective paper, with the correct answer and a full explanation.
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A partner whose name is used to boost the image of the business and does not contribute capital is a
- A. dormant partner
- B. general partner
- C. limited partner
- D. nominal partnerCorrect
Explanation
A nominal partner only contributes his name to the partnership business; he has no money stake in the business.
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