A partner who has no right to participate in control of the business and who has limited liability is a:
A) general partner.
B) nominal partner.
C) secret partner.
D) limited partner.

Question

Quizplus · Accepted Answer

A partner who has limited liability and no right to control the business is a limited partner. A general partner has both control and liability, a nominal partner is not a recognized legal entity, and a secret partner is one who is not known to the public or other partners.

A Partner Who Has No Right to Participate in Control