A Quasi partner is someone who has ceased being a member of a business but has left his or her share capital in the business.
Characteristics;
He or she is liable to all debts.
He or she receives interests in ratio of their capital.
Acts like creditors to the business.
Does not take part in the business' decision making process.
Has a share in the business.
Andreaz answered the question on January 11, 2018 at 14:42
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