Write a word or a phrase or a term which can substitute the following.

1.	Write a word or a phrase or a term which can substitute the following. A partner who gives his name to a partnership firm.
Answer» A partner who gave his name to partnership firm- nominal partner. Explanation: A nominal partner is the one who only lends his name to the business. He neither contributes capital nor shares the profits or losses of the business.

Write a word or a phrase or a term which can substitute the following. A partner who gives his name to a partnership firm.

Answer»

A partner who gave his name to partnership firm- nominal partner.

Explanation:

A nominal partner is the one who only lends his name to the business. He neither contributes capital nor shares the profits or losses of the business.

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Write a word or a phrase or a term which can substitute the following. A partner who gives his name to a partnership firm.

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