Accounting · Partnership Insolvency

When a partner's private assets are more than their private liabilities, the partner is legally called a/an:

Verified Solution4 OptionsUpdated: October 2026👁️1 View

1Nominal partner
2Dormant partner
3Solvent partner✓
4Insolvent partner

Correct answer

Solvent partner

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When a partner's private assets are more than their private liabilities, the partner is legally called a/an:

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When a partner's private assets are more than their private liabilities, the partner is legally called a/an:

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