A partner who invests money in a business,but does not take an active role in management or assume unlimited liability for the firm's losses is known as a(n):
A)partial partner.
B)limited partner.
C)corporate partner.
D)implied partner.

Question

Quizplus · Accepted Answer

A limited partner is a partner who invests money in a business but does not take an active role in management or assume unlimited liability for the firm's losses. This means that their liability is limited to the amount of their investment in the business. Other options such as partial partner, corporate partner, or implied partner are not common terms used in business partnerships.

A Partner Who Invests Money in a Business,but Does Not