KINDS OF PARTNERS

KINDS OF PARTNERS
1. CAPITALIST - one who contributes money or property to the common fund
2. INDUSTRIAL - one who contributes only his industry or personal service
3. GENERAL - one whose liability to 3rd persons extends to his separate property
4. LIMITED - one whose liability to 3rd persons is limited to his capital contribution
5. MANAGING - one who manages the affairs or business of the partnership
6. LIQUIDATING - one who takes charge of the winding up of partnership affairs upon dissolution
7. PARTNERS BY ESTOPPEL - one who is not really a partner but is liable as a partner for the protection of innocent 3rd persons
8. CONTINUING PARTNER - one who continues the business of a partnership after it has been dissolved by reason of the admission of a new partner, retirement, death or expulsion of one of the partners
9. SURVIVING PARTNER - one who remains after a partnership has been dissolved by death of any partner
10. SUBPARTNER - one who is not a member of the partnership who contracts with a partner with reference to the latter's share in the partnership
11. OSTENSIBLE - one who takes active part and known to the public as partner in the business
12. SECRET - one who takes active part in the business but is not known to be a partner by outside parties
13. SILENT - one who does not take any active part in the business although he may be known to be a partner
14. DORMANT - one who does not take active part in the business and is not known or held out as a partner

RELATIONS CREATED BY A CONTRACT OF PARTNERSHIP
1. Relations among the partners themselves
2. Relations of the partners with the partnership
3. Relations of the partnership with 3rd persons with whom it contracts
4. Relations of the partners with such 3rd persons