partner

Cards (10)

  • General Partner

    One who is liable to the extent of his separate property after all the assets of the partnership are exhausted
  • Limited Partner

    One who is liable only to the extent of his capital contribution. He is not allowed to contribute industry or services only
  • Capitalist Partner

    One who contributes money or property to the common fund of the partnership
  • Industrial Partner

    One who contributes his knowledge or personal service to the partnership
  • Managing Partner

    One whom the partners have appointed as manager of the partnership
  • Liquidating Partner

    One who is designated to wind up or settle the affairs of the partnership after dissolution
  • Dormant Partner

    One who does not take active part in the business of the partnership and is not known as a partner
  • Silent Partner

    One who does not take active part in the business of the partnership though may be known as a partner
  • Secret Partner

    One who takes active part in the business but is not known to be a partner by outside parties
  • Nominal Partner or Partner by Estoppel
    One who is actually not a partner but who represents himself as one