WAEC Commerce 2022 Objective — Question 15
Question 15 of 50 from the West African Examinations Council (WAEC) Commerce 2022 Objective paper, with the correct answer and a full explanation.
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A partner who contributes only his name to the formation of a partnership is a
- A. nominal partnerCorrect
- B. a limited partner
- C. a general partner
- D. an active partner
Explanation
A nominal partner is one whose name only is used for the formation of a partnership; he does not actively partake in running the business.
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