TYPES OF PARTNERS

MAY 5, 2020

 DAY 2

 THANK YOU FOR LOGGING IN! GOOD MORNING BOYS!

 I hope you all have understood the meaning, features, merits and demerits of partnership business till now. Now we will start the types of partners today.

JUST A REMINDER FOR 11 B BOYS- THERE WILL BE A GOOGLE MEET AT 1 PM TODAY. CLICK ON THE FOLLOWING LINK FOR THE MEETING:
meet.google.com/ark-bdmb-myv 


LEARNING OUTCOMES: At the end of the business, students will be able to:
a) Identify the types of partners.
b) Explain the types of partners.
c) Differentiate between the types of partners.

 WATCH A SMALL VIDEO FIRST TO SIMPLIFY THIS TOPIC:

NOW TAKE DOWN THE NOTES:

Q.12 Explain the types of partners in brief.(6)
Ans- 1. Active Partner-
a) He contributes capital, shares profits and losses of the firm and has unlimited liability in business.
b) He is a partner who actively participates in the management of the firm on a daily basis.
2. Sleeping or dormant partner-
a) He is one who contributes capital and shares the profits and losses of the firm and has unlimited liability in business.
b) He  does not take part in the day-to-day activities of the business.
3. Secret partner-
a) He is one who is associated with the business but his identity is not disclosed to the general public.
b) He  contributes capital, participates in the management of the firm and shares profits and losses of the firm. He also has unlimited liability.
4. Nominal partner -
a)He is actually not a partner but only gives his name to the business firm. 
b) He neither contributes capital nor share the profits and losses of the firm. He does not participate in the management of the firm and has unlimited liability towards the debts of the third party.
5. Partner by estoppel -
a) He is not a partner of the firm  but through his behaviour or conduct gives the impression to the third party that he is a partner of the firm. He gives this impression unknowingly.
b) He has unlimited liability for repayment of debts of the firm which were extended under the impression of his being a partner . He does not contribute capital , share profits and losses of the firm and  does not participate in the management of the firm.
6. Partner by holding out-
a) He knowingly gives an impression to the third party through his conduct or behaviour that he is a partner of the firm.
b) He has unlimited liability for repayment of debts extended under the impression of his being a partner of the firm.He does not contribute capital, share profits and losses and participate in the management of the firm.
c) He can save himself from such liabilities only if he issues a notice of denial immediately that he is not a partner otherwise he will be liable for the debts of the firm.



GOD BLESS YOU ALL!

Comments

  1. #Yash pandey#May 5, 2020 at 7:33 AM

    Yash pandey
    11A
    33

    ReplyDelete
  2. Aditya thapliyalMay 5, 2020 at 8:16 AM

    Aditya thapliyal
    Roll no 43

    ReplyDelete
  3. S U N N Y ♔May 5, 2020 at 8:16 AM

    Sunny joy
    11-B ,46

    ReplyDelete
  4. Saksham SainiMay 5, 2020 at 8:17 AM

    saksham saini
    11-B

    ReplyDelete
  5. Aditya UpretiMay 5, 2020 at 8:18 AM

    Aditya Upreti
    Roll no 44

    ReplyDelete
  6. Harsh MehtaMay 5, 2020 at 8:18 AM

    Good Morning
    Harsh Mehta
    11-B
    Roll No. 22

    ReplyDelete
  7. GatijMay 5, 2020 at 8:18 AM

    GATIJ SHRIVASTAVA
    CLASS 11B
    ROLL NO. 32

    ReplyDelete
  8. Kshaunish ChhabraMay 5, 2020 at 8:19 AM

    kshaunish chhabra
    roll no.-8
    11b

    ReplyDelete
  9. Samaksh KatyalMay 5, 2020 at 8:20 AM

    Samaksh Katyal
    Roll no 16
    11B

    ReplyDelete
  10. Saransh KatyalMay 5, 2020 at 8:20 AM

    Saransh Katyal
    Class 11 B
    Roll no.17

    ReplyDelete
  11. Abel Jacob TharyanMay 5, 2020 at 8:20 AM

    Abel Jacob Tharyan
    11-B
    Roll No - 42

    ReplyDelete
  12. Shazim AliMay 5, 2020 at 8:20 AM

    Shazim Ali
    Roll no 6
    11 B

    ReplyDelete
  13. Manshay BhandariMay 5, 2020 at 8:20 AM

    Good Morning..
    Manshay Bhandari
    Class- 11-B
    Roll No- 7

    ReplyDelete
  14. ronnaq wilsonMay 5, 2020 at 8:21 AM

    Ronnaq Wilson
    Roll no. 45

    ReplyDelete
  15. UnknownMay 5, 2020 at 8:21 AM

    Samarveer Singh
    11-B

    ReplyDelete
  16. AlbertMay 5, 2020 at 8:22 AM

    Albert kalampadan linson 11 B roll no 21

    ReplyDelete
  17. AaravMay 5, 2020 at 8:22 AM

    Aarav sharma
    11 B
    Roll no. 30

    ReplyDelete
  18. Mark EdwardMay 5, 2020 at 8:22 AM

    Mark Edward
    Roll no 9
    11-B

    ReplyDelete
  19. Sumit EkkaMay 5, 2020 at 8:23 AM

    Sumit Ekka
    Roll no.10
    11-B

    ReplyDelete
  20. UnknownMay 5, 2020 at 8:25 AM

    @austinptrrr
    11-B
    Roll no.29

    ReplyDelete
  21. Shubhankar JainMay 5, 2020 at 8:26 AM

    shubhankar jain
    roll no. 14
    11-b

    ReplyDelete
  22. Pratham JainMay 5, 2020 at 8:27 AM

    Pratham Jain
    11B
    Roll no.14

    ReplyDelete
  23. Elvis MarshallMay 5, 2020 at 8:27 AM

    Elvis Marshall
    Roll no 22
    11B

    ReplyDelete
  24. Krishiv NayyarMay 5, 2020 at 8:27 AM

    Krishiv Nayyar roll no. 24 11-b

    ReplyDelete
  25. Maanas MatthewMay 5, 2020 at 8:28 AM

    Maanas Matthew
    11-b
    20

    ReplyDelete
  26. UnknownMay 5, 2020 at 8:30 AM

    Albit jude
    Roll no.31
    11-B

    ReplyDelete
  27. Naveen GroverMay 5, 2020 at 8:32 AM

    Mihir Grover
    Roll no 11

    ReplyDelete
  28. Hasan shahidMay 5, 2020 at 8:33 AM

    Hasan shahid
    11-B
    Roll no.1

    ReplyDelete
  29. UnknownMay 5, 2020 at 8:38 AM

    Ronit jacob toppo
    Roll no:40

    ReplyDelete
  30. Udaayveer singhMay 5, 2020 at 8:42 AM

    Harshdeep Singh roll no.34 11B

    ReplyDelete
  31. Kevin AlexanderMay 5, 2020 at 8:50 AM

    Kevin Alexander
    Roll no 4
    11 B

    ReplyDelete
  32. Tanish JainMay 5, 2020 at 8:56 AM

    Tanish Jain
    11-A
    21

    ReplyDelete
  33. IshantMay 5, 2020 at 9:08 AM

    Ishant
    11-A
    Roll no. 1

    ReplyDelete
  34. Divjyot SinghMay 5, 2020 at 9:14 AM

    Divjyot singh
    11-B

    ReplyDelete
  35. Sam AlexanderMay 5, 2020 at 9:17 AM

    john alexander
    11B
    roll no 4

    ReplyDelete
  36. RanveerMay 5, 2020 at 9:20 AM

    Ranveer Sidhu
    Roll no 33
    11 B

    ReplyDelete
  37. Divyansh AroraMay 5, 2020 at 9:26 AM

    Divyansh Arora
    Roll no 4

    ReplyDelete
  38. Vareny ManchandaMay 5, 2020 at 9:58 AM

    Divye Manchand11À

    ReplyDelete
  39. UnknownMay 5, 2020 at 10:02 AM

    Aviral Rai
    11-A
    Roll No. 35

    ReplyDelete
  40. AnonymousMay 5, 2020 at 10:08 AM

    Kartik sumit Rastogi
    11-A

    ReplyDelete
  41. SURYANSH GOVINDMay 5, 2020 at 10:12 AM

    SURYANSH GOVIND
    11-A
    ROLL NO 14

    ReplyDelete
  42. Dhruva V GroverMay 5, 2020 at 10:26 AM

    Dhruva V Grover
    11-A
    Roll No.15

    ReplyDelete
  43. Devyaan AroraMay 5, 2020 at 10:33 AM

    Greetings ma'am
    Devyaan Arora
    11-A
    Roll no.3

    ReplyDelete
  44. AkhileshMay 5, 2020 at 10:33 AM

    Akhilesh Satyadevan
    11-A
    Roll No 40

    ReplyDelete
  45. ShivangMay 5, 2020 at 10:45 AM

    Shivang singhal
    XI A
    Roll no. 44

    ReplyDelete
  46. Aadit ManglaMay 5, 2020 at 10:47 AM

    Aadit Mangla
    11-A
    Roll No. 31

    ReplyDelete
  47. Darell PintoMay 5, 2020 at 10:49 AM

    Darell Pinto
    11-A
    34

    ReplyDelete
  48. Zaid khanMay 5, 2020 at 10:49 AM

    Zaid Khan
    11-A
    26

    ReplyDelete
  49. Prasham JainMay 5, 2020 at 10:49 AM

    Prasham Jain
    11 A
    roll no. 20

    ReplyDelete
  50. Madan AgarwalMay 5, 2020 at 10:50 AM

    Madan Agarwal
    XI-A
    Roll No.2

    ReplyDelete
  51. Reuben JosephMay 5, 2020 at 10:51 AM

    Reuben Joseph
    11-A
    Roll no.23

    ReplyDelete
  52. Darsh JainMay 5, 2020 at 10:53 AM

    Darsh Jain
    11-A
    Roll no. 19

    ReplyDelete
  53. ArnasMay 5, 2020 at 10:53 AM

    Arnas Kumar
    11-A
    Roll no. 29

    ReplyDelete
  54. UnknownMay 5, 2020 at 11:00 AM

    Saksham Kathuria
    11-A

    ReplyDelete
  55. ANSH GUPTAMay 5, 2020 at 11:04 AM

    ANSH GUPTA
    11 A
    16

    ReplyDelete
  56. Soham DeyMay 5, 2020 at 11:05 AM

    Soham Dey
    Roll No 8

    ReplyDelete
  57. GARVIT GUPTAMay 5, 2020 at 11:08 AM

    Garvit gupta
    11-A
    17

    ReplyDelete
  58. UnknownMay 5, 2020 at 11:09 AM

    Arnav Rastogi
    XI-A

    ReplyDelete
  59. UnknownMay 5, 2020 at 11:15 AM

    Sujay Massey
    11-A

    ReplyDelete
  60. Parth.SMay 5, 2020 at 11:19 AM

    Parth Swami
    Roll no 45

    ReplyDelete
  61. SaatvikMay 5, 2020 at 11:22 AM

    27 saatvik Khanna

    ReplyDelete
  62. UnknownMay 5, 2020 at 12:11 PM

    pratham dua
    11

    ReplyDelete

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