Which type of partnership does not allow for investment of property?

Which type of partnership does not allow for investment of property?

• A. Universal partnership
• B. Particular partnership
• C. General partnership
• D. Joint partnership

Answer: (B)

The particular partnership is characterized by its limitation to specific projects or purposes, which typically means that the partners contribute their expertise or labor rather than investing property. In this type of partnership, the focus is on a joint venture for a designated goal, with partners engaged in particular activities or investments as agreed upon. This can often exclude broader types of contributions like property investments, as the arrangement is likely tailored to services or specific contributions that directly relate to the partnership's objectives. In contrast, a universal partnership encompasses all present and future property of the partners and allows for the investment of property. A general partnership permits any partner to contribute property as part of their capital contribution, and joint partnerships, though not a widely formalized term in partnership law, would generally allow for property investment as well since that is a fundamental aspect of many partnerships. Thus, the nature of a particular partnership aligns with the restriction against property investment.

The particular partnership is characterized by its limitation to specific projects or purposes, which typically means that the partners contribute their expertise or labor rather than investing property. In this type of partnership, the focus is on a joint venture for a designated goal, with partners engaged in particular activities or investments as agreed upon. This can often exclude broader types of contributions like property investments, as the arrangement is likely tailored to services or specific contributions that directly relate to the partnership's objectives.

In contrast, a universal partnership encompasses all present and future property of the partners and allows for the investment of property. A general partnership permits any partner to contribute property as part of their capital contribution, and joint partnerships, though not a widely formalized term in partnership law, would generally allow for property investment as well since that is a fundamental aspect of many partnerships. Thus, the nature of a particular partnership aligns with the restriction against property investment.