question archive Dave Dietz contributes $7,500 to an oil and gas exploration venture that's being promoted by the Mesa Petroleum Limited Partnership
Dave Dietz contributes $7,500 to an oil and gas exploration venture that's being promoted by the Mesa Petroleum Limited Partnership
Subject:AccountingPrice: Bought3
Dave Dietz contributes $7,500 to an oil and gas exploration venture that's being
promoted by the Mesa Petroleum Limited Partnership. Dietz's liability is limited to his
contribution to the partnership and Dietz will be actively involved in the operation of
the partnership. Dietz can be considered a(n)
A)nominal partner. C. active partner.
B)secret partner. D. silent partner.
