Types of Partnership (Sections 8-9): Ordinary partnership—partners participate in management; Limited partnership—some partners (limited partners) have liability limits but don't manage. Partnership at will—continues indefinitely unless terminated by agreement; Fixed-term partnership—has agreed duration. Particular partnership—formed for specific object/transaction. Classification by liability: Unlimited (all partners fully liable), Limited (some partners' liability limited to capital contribution). Sub-partnerships: Partner in one partnership becomes partner in another. Case law: Polly Peck International v. Nadir establishes types boundaries. For accountants, understanding partnership type critical for liability assessment and tax treatment. Limited partners' status affects their control and liability exposure. Partnership agreements must clearly specify type. Exam tip: Identify partnership type; apply corresponding liability rules; assess control implications for limited partners.