If articles of a universal partnership do not specify its nature, what type of partnership is formed?

When the articles of a universal partnership do not specify its nature, the partnership is generally understood to be a partnership for all present property. This means that all existing properties that the partners own at the time of the partnership's formation are included in the partnership’s assets. This broad categorization is significant because it allows for a more comprehensive understanding of the partners' contributions and responsibilities.

A partnership for all present property includes assets that both partners already possess, thereby suggesting that the partnership encompasses more than just specific or future assets. It reflects a holistic view of the partners' existing contributions rather than limiting the partnership to only future acquisitions or setting specific parameters for liability.

The other types of partnerships mentioned, such as partnerships for future property, partnerships of limited liability, or joint ventures, imply either restrictions on the type of assets included or specific conditions regarding liability and duration, none of which apply when the articles are silent on such specifications. Therefore, the classification reverts to the most inclusive interpretation, which is a partnership for all present property.