MGT602 MIDTERM PAST PAPERS
Quiet Partner An accomplice who doesn’t partake in the administration of business yet is known to people in general as accomplice is called quiet accomplice. He is responsible to the banks of the firm. called senior accomplice.
He has an unmistakable situation in the firm because of his experience, expertise, energy, age and different realities. 6. Sub‐Partner An accomplice in a firm can settle on a concurrence with an alien to share the benefits procured by him from the association business.
A sub‐partner isn’t at risk for any obligation and can not meddle in the business matters. 7. Junior Partner An individual who has a little interest in the firm and has a restricted encounter of business is called junior accomplice.
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Prologue to Business – MGT 211 VU © Copyright Virtual University of Pakistan 44 8. Significant Partner A significant accomplice is an individual who is north of 18 years old. An individual is permitted to make contract when he has achieved the time of greater part. MGT602 MIDTERM PAST PAPERS
Minor Partner An individual who is minor can’t go into a legitimate agreement. In any case, he can turn into a cooperate with the assent of any remaining accomplices.He has an unmistakable situation in the firm because of his experience, expertise, energy, age and different realities. MGT602 MIDTERM PAST PAPERS
Sub‐Partner An accomplice in a firm can settle on a concurrence with an alien to share the benefits procured by him from the association business. Quiet Partner An accomplice who doesn’t partake in the administration of business yet is known to people in general as accomplice is called quiet accomplice. He is responsible to the banks of the firm. called senior accomplice.
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