Marya and Dravya are the partners of a firm. Arya has contributed capital and participates
in the management of firm. Marya has contributed capital and shares profits and losses but does not take active part in business. Dravya allows her name to be used in the conduct of business but does not contribute any capital. Identify what type of partners Arya, Marya and Dravya are?
Arya is an active partner as she contributes capital and takes active part in the management of the firm.
Marya is a sleeping partner as she simply contributes capital enjoys profit and does not take active part in business.
Dravya is a nominal partner as she allows her name to be used in a partnership firm.