kinds of Partners

1.

Capitalist Partners
-

one who furnishes capital;

not exempted from losses; can engage in other business provided there is no competition between the partner and his
business

2.

Industrial
-

one who furnishes industry or labor;

can be a general partner but never a limited partner;

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