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A person who is not a partner of a Partnership Firm, but he may liable for firm’s debt asif he was a Partner. Such a person is called

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Question:

A person who is not a partner of a Partnership Firm, but he may liable for firm’s debt asif he was a Partner. Such a person is called

A.

Nominal Partner

B.

Sleeping Partner

C.

Partner by estoppels

D.

Partner for profit only

Answer» c. Partner by estoppels

Note: The above multiple-choice question is for all general and Competitive Exams in India.