“ A silent partner has an interest in a business, although he takes no active part in its conduct because its prosperity or decline affects his profits and liabilities. ”
John Dewey, Democracy and Education (1916). copy citation
| Author | John Dewey |
|---|---|
| Source | Democracy and Education |
| Topic | profit interest |
| Date | 1916 |
| Language | English |
| Reference | |
| Note | |
| Weblink | http://www.gutenberg.org/files/852/852-h/852-h.htm |
Context
“By an interest we also mean the point at which an object touches or engages a man; the point where it influences him. In some legal transactions a man has to prove "interest" in order to have a standing at court. He has to show that some proposed step concerns his affairs. A silent partner has an interest in a business, although he takes no active part in its conduct because its prosperity or decline affects his profits and liabilities.
(iii) When we speak of a man as interested in this or that the emphasis falls directly upon his personal attitude. To be interested is to be absorbed in, wrapped up in, carried away by, some object.”
source
