Article 1767 By the contract of partnership two or more persons bind themselves to contribute money, property, or industry to a common fund, with the intention of dividing the profits among themselves. Two or more persons may also form a partnership for the exercise of a profession. (1665a).
Article 1771 A partnership may be constituted in any form, except where immovable property or real rights are contributed thereto, in which case, a public instrument shall be necessary (1667a)
General Partnership. Where all partners are general partners whose liability extends to their individual properties, after the assets of the partnership have been exhaust
Relations created by a contract of
partnership
Rules as to who bears the risks made by contributions
The risk of specific and determinate things which are not fungible, contributed to the partnership so that only their use and fruits may be for the common benefit, shall be...
The dissolution of a partnership is the change in the relation of partners caused by any partner ceasing to be associated in the carrying on as distinguished from the winding up of business. (n)