A partner who contributes only his name to the formation of a partnership is
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Correct Answer: Option A
Explanation:
A nominal partner is also known as Quasi partner. he only contributes his name to the formation of the business. He neither contributes capital nor take part in the management of the firm.
A nominal partner is also known as Quasi partner. he only contributes his name to the formation of the business. He neither contributes capital nor take part in the management of the firm.