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Class 11 Commerce
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| Type of Partner | Capital Contribution | Management Participation | Share in Profits/Losses | Liability |
|---|---|---|---|---|
| Active Partner | Contributes capital | Participates in management | Shares profits/losses | Unlimited liability |
| Sleeping/Dormant Partner | Contributes capital | Does not participate in management | Shares profits/losses | Unlimited liability |
| Secret Partner | Contributes capital | Participates secretly in management | Shares profits/losses | Unlimited liability |
| Nominal Partner | Does not contribute capital | Does not participate in management | Generally does not share profits/losses | Unlimited liability |
| Partner by Estoppel | Does not contribute capital | Does not participate in management | Does not share profits/losses | Unlimited liability |
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Chapter Concept:
Forms of Business Organisation
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Chapter Concept:
Partnership Deed
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Forms of Business Organisation
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Chapter Concept :
Joint Stock Company
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Chapter Concept :
Partnership Deed
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Chapter Concept:
Partnership
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Chapter Concept:
Forms of Business Organisation
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Chapter Concept:
Types of Cooperative Societies
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Chapter Concept:
Forms of Business Organisation
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Chapter Concept:
Private vs Public Company
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Chapter Concept:
Forms of Business Organisation
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B.
C.
D.
Solution:
Chapter Concept:
Joint Stock Company
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B.
C.
D.
Solution:
Chapter Concept:
Private vs Public Company
Chapter Concept :
Partnership
Solution:
Chapter Concept :
Cooperative Society
