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Answer in one sentence. What do you mean by minor partner? - Organisation of Commerce and Management

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Question

Answer in one sentence.

What do you mean by minor partner?

One Line Answer

Solution

A minor partner is a partner who is admitted into the partnership firm for the benefit of the firm with the consent of all partners.

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Chapter 4: Forms of Business Organisation - 1 - EXERCISE [Page 92]

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Balbharati Organisation of Commerce and Management (OCM) [English] 11 Standard Maharashtra State Board
Chapter 4 Forms of Business Organisation - 1
EXERCISE | Q 1. H) 6) | Page 92
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