A business partner who provides capital but abstains from participation in administration of a firm is a
-
A.
general partner -
B.
nominal partner -
C.
secret partner -
D.
dormant partner
Correct Answer: Option D
Explanation
Dormant partner; a partner who contributes capital in a business but takes no share in the active business of a company or partnership, but is entitled to a share of the profits, and subject to a share in losses. called also sleeping partner or silent partner