A partnership is a relation growing out of a contract, in which two or more persons agree to do business as a firm. The losses and profits must be shared between them (this is usually the test as to whether a partnership really exists in a given case). Partners have certain relations to each other. No person can become a member of a partnership without the consent of all the members. Suppose A, B and C are partners. C sells out his share to X. X cannot become a partner unless A and B are willing. If they will not take him as a partner (and this means forming a new partnership) then X can compel the selling of the partnership property and obtain C's share after the debts have been paid. The same thing would be true if X had inherited C's share. All partners have an equal right in the management and conduct of the firm's business. They cannot be excluded from this right and are entitled to have the business conducted according to the terms of the agreement. Ordinary differences arising in the conduct of the business can be determined by a majority of the partners. But the nature of the business cannot be changed unless all the partners agree. A partner is not entitled to interest on the money he has contributed, but he is entitled to interest on any advances made beyond the amount he agreed to put in. Thus, A agreed to subscribe $5,000. He actually advances $8,000. He is entitled to interest on the $3,000. After all debts of the partnership are paid each partner ordinarily is entitled to share in the profits according to the amount invested, and if the partnership is dissolved to have the amount contributed or any other advances he has made repaid. Thus, A, B and C put in, respectively, $2,000, $3,000 and $5,000 in a partnership. At the end of the first year, after all debts are paid, there is $12,000 on hand. The $2,000 profit will be divided as follows: $400 to A, $600 to B, and $1,000 to C. Of course, the partners may agree in writing that profits are to be divided on a different basis. Moreover, no partner can claim compensation beyond his share in the profits unless all the partners agree. But if A and B are partners and B neglects the business and as a result A is com -pelled to do all the work, in some jurisdictions it has been held that A may claim extra compensation for his services. If a partner makes payments and incurs liabilities personally while acting for the partnership, then the others must indemnify him for this. Each partner is an agent of the others in the conduct of the firm's business, and the partnership is bound by all contracts made by a partner within the scope of the business.