general partner

A partner who ordinarily takes part in the daily operations of the business, shares in the profits and losses, and is personally responsible for the partnership’s debts and liabilities.

— Also termed full partner. [Cases: Partnership 353, 366. C.J.S. Partnership §§ 405, 407, 422–423, 425, 430, 432.]

---

词条贡献者

译者Joanne，毕业于亚洲顶尖的高级翻译学院，擅长翻译各种与房地产业相关的法律文件。