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.