WAEC Commerce 2024 Objective — Question 6
Question 6 of 50 from the West African Examinations Council (WAEC) Commerce 2024 Objective paper, with the correct answer and a full explanation.
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6. A partner who loses his capital only, in case of bankruptcy is A.
- A. a nominal partner.
- B. a limited partner.Correct
- C. general partner.
- D. an active partner.
Explanation
A limited partnership is the partner whose liability is limited to the amount contributed.
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