Gurpreet, Agam,Shenoy, Dev and Lakshay are partners in a partnership firm.The firm has different types of partners. Gurpreet has contributed capital and participate in the management of firm. He shares profits and losses and is liable to an unlimited extent to the creditors of firm. Agam has contributed capital and shares its profits and losses. He also has unlimited liability but he does not take part in day to day activities of business Shenoy is a partner, his Association with the firm is unknown to general public but in all other aspects he is like an active partner. Dev has allowed the firm to use his name as he enjoys good reputation among clients but he does not either contribute capital not take part in the management. Lakshya , is 15 years of age and is entitled to the benefits of partnership with mutual consent of all other partners he is not eligible to take part in management of firm and shares only profit and not losses
A) in the given case how many type of partners are involved in the partnership firm?
B) Who isworking as an active partner and what is the nature of his liability?
C)Who is working as sleeping partner and what is the nature of his liability
D).Who is working as a Secret partner and what is the nature of his liability?
E) Who is working as nominal partner and what is nature of his liability
F) Is Lakshay a legal partner? Can he be held for the losses of the business? What is the nature of his liability?
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