The two friends , Soniya and Raman started a business by the name of Soniya Fancy Dress Shoppy . Both of them invested equal capital in the business . At the start of the business , Soniya had placed one condition before Raman that if unfortunately they suffered a heavy loss in their business , she would not be able to give anything except the capital invested in the business . Raman had accepted this condition on the terms and condition that Soniya would not enjoy the right to participate in the management of the firm . Their business was gradually growing well and they were fully satisfied with their business .
(a) To what form of business organisation is concerned the above para ?
(b) Identify and explain the type of the form of organisation identified in (a) .