A partner who takes interest on the loan isQuestion 18Answera.Active Partnerb.Sleepingc.Nominald.Quasi

Understanding the Concepts

In the context of business partnerships, there are different types of partners based on their involvement and activity in the partnership. Let’s analyze each option:

1. Active Partner: This type of partner is actively involved in the management and operations of the business and may also contribute capital. They take interest in the affairs of the partnership and can take loans.

2. Sleeping Partner: A sleeping partner, or silent partner, typically invests capital into the business but does not take part in its management or operations. Their involvement is mostly financial, with limited engagement in business decisions.

3. Nominal Partner: A nominal partner is someone who lends their name to the business but is not actually involved in its operations or financial activities. They do not contribute capital nor take part in management.

4. Quasi Partner: A quasi partner has a semblance of partnership by participating in some business activities but does not have full rights or obligations of an active partner. They may have limited involvement and investment.

Conclusion

Given the definitions above, the most fitting answer to the question is:

The partner who takes interest on the loan is: a. Active Partner.

Active partners are engaged in the business's operations and are typically the ones who manage loans and the associated interests.