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In: Economics

Mr. Robin Chowdhury is the sole owner of a firm. He brings in Mr. Nurul Huq...

Mr. Robin Chowdhury is the sole owner of a firm. He brings in Mr. Nurul Huq as a partner on the following terms: a. Mr. Huq is not to bring any capital. b. Mr. Huq is not to be responsible for any loss. c. Mr. Huq is to receive TK 2000 every month in lieu of profit and d. Mr. Huq is to have all the powers of a partner. Discuss the legal position of Mr. Huq in the Firm. (Note: Write your answers in 200-250 words or higher.)

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