" No (we don't use the progressive tenses of "have" in the sense of "possess"). "He having no other prospect" is a follow-on from the previous sentence; formally, it is not a grammatically complete sentence by itself. e.
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park sang joonI'd like to know "is" omitted before "having."No (we don't use the progressive tenses of "have" in the sense of "possess"). "He having no other prospect" is a follow-on from the previous sentence; formally, it is not a grammatically complete sentence by itself.
park sang joonThen, I'd like to know if "He having no other prospect" is an absolute phrase.Yes.
park sang joonIf so, I'd like to know we can use an absolute phrase in lieu of a sentence during a conversation.Everything depends on context.