18 Guam Code Ann. § 25702
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Terms Used In 18 Guam Code Ann. § 25702
- Partnership: A voluntary contract between two or more persons to pool some or all of their assets into a business, with the agreement that there will be a proportional sharing of profits and losses.
ect; 25701. What is a General Partnership and what are General
Partners.
Partners.
Every partnership that is not formed in accordance with the law concerning special partnerships, and every special partnership as far only as
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18 Guam Code Ann. BUSINESS STRUCTURE & FUNCTION
CH. 25 PARTNERSHIPS IN GENERAL
those partners who are not special partners are concerned, is a general partnership. Every partner who is not a special partner is a general partner.
SOURCE: CC § 2438.