A partner owner)who invests money in a business,does not take an active role in managing the operation,and is only subject to losing the funds he/she invested.
A)Implied partner.
B)Limited partner.
C)Partial partner.
D)Corporate 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 managing the operation. The limited partner is only subject to losing the funds he/she invested. The other options are not accurate descriptions of this type of partner.

A Partner Owner)who Invests Money in a Business,does Not Take