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)implied partner.
B)limited partner.
C)partial partner.
D)corporate partner.

Question

Quizplus · Accepted Answer

A limited partner is an investor in a partnership who does not participate in its management and is not personally liable for its debts beyond the amount invested. The other choices (implied partner, partial partner, corporate partner) are not commonly used terms in the context of business partnerships.

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