1. Question : A person who is an active partner but is unknown to the public as a partner. Student Answer: Dormant partner General Partner Nominal partner Secret partner Silent partner Trading partner Points Received: 1 of 1 Comments: Question 2. Question : Do personal profits earned directly as a result of one partner's connection with the partnership belong to the firm? Student Answer: Yes No Points Received: 1 of 1 Comments: Question 3. Question : A partnership with no limitation on the rights and duties of the partners. Student Answer: Dormant partner General Partner Nominal partner Secret partner Silent partner Trading partner Points Received: 1 of 1 Comments: Question 4. Question : Can three persons who agree to contribute property to the running of a business as co-owners for the purpose of making a profit have formed a partnership even though they do not call themselves partners? Student Answer: Yes No Points Received: 1 of 1 Comments: Question 5. Question : Can a partnership exist only if the parties have a written agreement? Student Answer: Yes No Points Received: 1 of 1 Comments: Question 6. Question : There are no formalities to existing and operating as a sole proprietorship. Student Answer: True False Points Received: 1 of 1 Comments: CLICK HERE TO GET THE ANSWER !!!!

 1.    Question :    A person who is an active partner but is unknown to the public as a partner.

     Student Answer:          Dormant partner

               General Partner

               Nominal partner

                Secret partner

               Silent partner

               Trading partner

     Points Received:    1 of 1

     Comments:    

Question 2.    Question :    Do personal profits earned directly as a result of one partner's connection with the partnership belong to the firm?

     Student Answer:           Yes

               No

     Points Received:    1 of 1

     Comments:    

Question 3.    Question :    A partnership with no limitation on the rights and duties of the partners.

     Student Answer:          Dormant partner

                General Partner

               Nominal partner

               Secret partner

               Silent partner

               Trading partner

     Points Received:    1 of 1

     Comments:    

Question 4.    Question :    Can three persons who agree to contribute property to the running of a business as co-owners for the purpose of making a profit have formed a partnership even though they do not call themselves partners?

     Student Answer:           Yes

               No

     Points Received:    1 of 1

     Comments:    

Question 5.    Question :    Can a partnership exist only if the parties have a written agreement?

     Student Answer:          Yes

                No

     Points Received:    1 of 1

     Comments:    

Question 6.    Question :    There are no formalities to existing and operating as a sole proprietorship.

     Student Answer:           True

               False

                

     Points Received:    1 of 1

     Comments:   

                                        

 CLICK HERE TO GET THE ANSWER !!!!