A partners whose liability goes beyond his capital is known as

A partners whose liability goes beyond his capital is known as

  • A.
    dormal partner
  • B.
    limited partner
  • C.
    general partner
  • D.
    nominal partner
Correct Answer: Option C
Explanation

General partner is a person who joins with at least one other person to form a business. A general partner has responsibility for the actions of the business, can legally bind the business and is personally liable for all the business’s debts and obligations.

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