Who is called a partner in profit only? Why is he made a partner? – InterviewSolution

1.	Who is called a partner in profit only? Why is he made a partner?
Answer» A partner who shares only the profits without being liable for the losses is known as partner in profit only. Such a person is made a partner only to take advantage of his special skills, knowledge and rich experience. Such partner may or may not invest his capital in the firm.

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