Multiple Choice
Nick is investing $25,000 in a partnership with his sister and brother. Nick does not want to be an active part of the partnership and can only afford to risk the $25,000 he is investing. His brother and sister agree to let him share a proportionate amount of the profits. Nick is a ________ in this partnership.
A) limited partner
B) junior partner
C) general partner
D) sole partner
Correct Answer:
Verified
Correct Answer:
Verified
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