A partner who takes interest on the loan isQuestion 18Answera.Active Partnerb.Sleepingc.Nominald.Quasi
Question
A partner who takes interest on the loan isQuestion 18Answera.Active Partnerb.Sleepingc.Nominald.Quasi
Solution
The answer is b. Sleeping Partner. A sleeping partner is a business partner who provides capital but does not participate in the day-to-day operations or management of the partnership. They may, however, receive interest on the loan they provided to the business.
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