Professional Documents
Culture Documents
1.
Capitalist Partners
-
not exempted from losses; can engage in other business provided there is no competition between the partner and his
business
2.
Industrial
-
exempted from losses as between the partner; cannot engage in any other business without express consent of the
partners, otherwise
- he can be excluded from the firm (plus damage)
- or the benefits he obtains from the other business can be availed of by the other partners (plus damages)
3.
General/Real