a)Active partner - One who takes an active role in the running of the partnership business
b)Minor partner - One who is under 18 years of age, shares profits but cant take part in management.
c)Quasi partner - One who does not contribute capital but allows the firms to use his name as a partner. Shares profits but not losses.
d)Outgoing partner – One who is retiring from a partnership business with the consent of all other partners or in accordance with any previous agreement.
sharon kalunda answered the question on March 1, 2019 at 14:10
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