Subject: Business Studies
The partner who has invested more in partnership business and directly involves in business activities is called active partner. The partners who have invested money but involve in business activity is called sleeping partner.The partner who has invested money but nominated as a partner is called nominal partner.The partner who is retired from business but investment is not written is called quasi-partner.
Khanal, Soma Raj, Surendra Thapa Aslami and Sitaram Dhakal. Business Studies. Kathmandu: Taleju Prakashan, 2067.
Pant, Prem R., et al. Business Studies. Kathmandu: Buddha Academic Publishers and Distributors Pvt. Ltd., 2010.
Types of partners
Rights of partner in partnership
Duties and Responsibility of partners
Write the types of partners.
Mention the rights of partner in partnership.
Each and every partner in partnership has certain rights, The right also has been mentioned in the agreement. The rights of partner in partnership are given below:
Explain different rights and duties of partner.
Certain rights have given to the partners. All the activities and functions should be performed best.The following are the rights of partners which are explained :
Explain the types of partner.
The persons who sign the partnership agreement and invests capital to a partnership firm is called partner. he is the owner of the firm.
Holding out - estoppel partner
The partner who represents himself as a partner but does not invest money in business is called holding out or estoppel partners. He is not a true partner. such partner is liable to outsiders for the debts of the firm.
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