Melvin Is the Co-Owner of a Gadget Store

Multiple Choice

Melvin is the co-owner of a gadget store. Unlike his partner who only provides monetary support to the business, Melvin is responsible for handling the daily operations of the store and bears complete personal liability for any debts incurred by the store. Melvin and his partner, however, share the profits of the store equally. In this scenario, Melvin is a _____.

A) general partner
B) limited partner
C) dormant partner
D) nominal partner