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Partners fabm
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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