Travis Has Agreed to Invest $16,000 in a Partnership with His

Multiple Choice

Travis has agreed to invest $16,000 in a partnership with his sister and brother-in-law. He does not intend to actively work in the partnership, nor does he wish to risk any of his own assets other than the $16,000 he initially invests. The partnership has agreed to permit him to share in the profits. As an expert on forms of business ownership, you know that Travis is a ______________ in this partnership.

A) general partner
B) preferred stockholder
C) secondary partner
D) limited partner