A partner in a partnership who is not really a partner, not being a party to the

partnership agreement but is made as a party for the protection of innocent third
persons is known as: (Phil CPA, 91-1)

Answer not given

Nominal partner or partner by estoppel

Dormant partner

Secret partner

One who takes active part in the business, but is not known to be a partner by
outside parties is: (Phil CPA, 94-2)

Dormant partnerCorrect!

Secret partner

Nominal partner

Silent partner

Partner shall enjoy practically all the profits: (Phil CPA, 85-2)rrect!

Universal partnership

General partnership

None of them

Limited partnership