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    Law 2

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    Rage Guy
    This document summarizes key differences between an industrial partner and capitalist partner in a partnership. An industrial partner only contributes personal services, while a capitalist partner contributes money or property. For profit distribution, an industrial partner's share is not fixed and they are not liable for losses, while a capitalist partner's share is according to agreement or proportional to capital. An industrial partner cannot engage in similar outside business unless permitted, while a capitalist partner cannot unless an agreement allows it. An industrial partner receives profit distribution before capitalist partners.

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    Law 2

    Uploaded by

    Rage Guy
    5 views1 page
    This document summarizes key differences between an industrial partner and capitalist partner in a partnership. An industrial partner only contributes personal services, while a capitalist partner contributes money or property. For profit distribution, an industrial partner's share is not fixed and they are not liable for losses, while a capitalist partner's share is according to agreement or proportional to capital. An industrial partner cannot engage in similar outside business unless permitted, while a capitalist partner cannot unless an agreement allows it. An industrial partner receives profit distribution before capitalist partners.

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    This document summarizes key differences between an industrial partner and capitalist partner in a partnership. An industrial partner only contributes personal services, while a capitalist partner contributes money or property. For profit distribution, an industrial partner's share is not fixed and they are not liable for losses, while a capitalist partner's share is according to agreement or proportional to capital. An industrial partner cannot engage in similar outside business unless permitted, while a capitalist partner cannot unless an agreement allows it. An industrial partner receives profit distribution before capitalist partners.

    Copyright:

    Attribution Non-Commercial (BY-NC)
    Download as DOCX, PDF, TXT or read online from Scribd
    Flag for inappropriate content
    Download as docx, pdf, or txt
    5 views1 page

    Law 2

    Uploaded by

    Rage Guy
    This document summarizes key differences between an industrial partner and capitalist partner in a partnership. An industrial partner only contributes personal services, while a capitalist partner contributes money or property. For profit distribution, an industrial partner's share is not fixed and they are not liable for losses, while a capitalist partner's share is according to agreement or proportional to capital. An industrial partner cannot engage in similar outside business unless permitted, while a capitalist partner cannot unless an agreement allows it. An industrial partner receives profit distribution before capitalist partners.

    Copyright:

    Attribution Non-Commercial (BY-NC)
    Download as DOCX, PDF, TXT or read online from Scribd
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    Christopher S. Martiniano BSAct III INDUSTRIAL PARTNER Industrial Partner - contributes only his industry or personal service.

    CAPITALIST PARTNER

    As to contribution

    Capitalist Partner- Contributes money or property.

    As to distribution of Profit

    Industrial Partner - Share of industrial partner is not fixed as may be just and equitable under the circumstances; Industrial Partner - purely industrial partner not liable for losses Industrial Partner - Cannot engage in business (w/in same line of business with the partnership) unless partnership expressly permits him to do so. Industrial Partner - Shall receive such share before the capitalist partners shall divide the profits.

    As to distribution of Loses

    As to prohibition against engaging in business

    Capitalist Partner According to agreement; if without agreement, share of capitalist partner is in proportion to his capital contribution. Capitalist Partner - According to agreement; if without agreement, share of capitalist partner is in proportion to his capital contribution. Capitalist Partner - cannot engage in business (with same kind of business with the partnership) for his own account, unless there is a stipulation to the contrary.

    As to preference in terms of distribution of profits

    Capitalist Partner - Shall receive such share after the industrial partner/partners.

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