Save
partner
Save
Share
Learn
Content
Leaderboard
Learn
Created by
Caissa
Visit profile
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