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hello everyone this is your instructor in business loss and regulations still our topic for today is general provisions of partnership in this video im going to discuss the third part of the general provisions lets start with the kinds of partnership so there are kinds of partnership as to object there are also kinds of partnership as to liability there are also kinds of partnership as to duration and there are also kinds of partnership as to representation to others kinds of partnership as to object there are two kinds of partnership as to object the first kind is called universal partnership and the second kind is called the particular partnership partnership of profits discuss particular partnership but for now magfocus universal partnership a universal partnership of all present property at your universal partnership of profits lets start with the universal partnership of all present property when we say universal partnership of all present property this is a partnership in whic