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Questions and Answers
In case of profits, how should the partnership distribute the profits based on the given proportions?
In case of profits, how should the partnership distribute the profits based on the given proportions?
- A - 30%, B - 40%, C - 30%
- A - 40%, B - 30%, C - 30% (correct)
- A - 25%, B - 25%, C - 50%
- A - 50%, B - 25%, C - 25%
What happens if partners do not have an agreement regarding profit distribution?
What happens if partners do not have an agreement regarding profit distribution?
- Profits will be distributed based on capital contributions.
- They will share profits equally among all partners. (correct)
- The profits will be solely retained by the managing partner.
- They will not share any profits.
How should the partners share the profits if there is no stipulation in the agreement?
How should the partners share the profits if there is no stipulation in the agreement?
- Equally (correct)
- Proportionate to their capital contributions
- Based on seniority in the partnership
- Based on individual contributions
If Angela, Boni, and Christine formed the ABC Partnership, what should be Christine's capital share based on her contribution?
If Angela, Boni, and Christine formed the ABC Partnership, what should be Christine's capital share based on her contribution?
When does a partnership typically begin according to the general rule?
When does a partnership typically begin according to the general rule?
What is the total gross capital upon dissolution of the partnership?
What is the total gross capital upon dissolution of the partnership?
What does it mean when partners have not yet fixed the conditions of their participation?
What does it mean when partners have not yet fixed the conditions of their participation?
In case of liquidation, how much should Christine recover as a partner?
In case of liquidation, how much should Christine recover as a partner?
In what scenario can partners stipulate a different start date for the partnership?
In what scenario can partners stipulate a different start date for the partnership?
What is an exception to the rule that a partnership begins at the execution of the contract?
What is an exception to the rule that a partnership begins at the execution of the contract?
How does an agreement to create a future partnership differ from a contract of sale according to the text?
How does an agreement to create a future partnership differ from a contract of sale according to the text?
Under what circumstances do persons become partners in a future partnership?
Under what circumstances do persons become partners in a future partnership?
If the partnership makes a profit of P20,000, how much will Angela be entitled to?
If the partnership makes a profit of P20,000, how much will Angela be entitled to?
In the distribution of losses, how are losses typically distributed?
In the distribution of losses, how are losses typically distributed?
If D contributed P3,000, how much would C receive from the balance of P15,000?
If D contributed P3,000, how much would C receive from the balance of P15,000?
What would be the total amount Christine may recover if the partnership makes a profit of P25,000?
What would be the total amount Christine may recover if the partnership makes a profit of P25,000?
In the case where D contributed P5,000 and the total contribution was P80,000, how will A, B, and C share the balance of P15,000?
In the case where D contributed P5,000 and the total contribution was P80,000, how will A, B, and C share the balance of P15,000?
If Xeres is an industrial partner and the profit is P30,000, what will Xeres be entitled to?
If Xeres is an industrial partner and the profit is P30,000, what will Xeres be entitled to?
Why is it necessary for a contract of partnership with immovable property to appear in a public instrument?
Why is it necessary for a contract of partnership with immovable property to appear in a public instrument?
Which article states that a public instrument is necessary when immovable property or real rights are contributed to a partnership?
Which article states that a public instrument is necessary when immovable property or real rights are contributed to a partnership?
What happens if the inventory of immovable property contributed to a partnership is not made and attached to the public instrument?
What happens if the inventory of immovable property contributed to a partnership is not made and attached to the public instrument?
Why is the registration of articles of partnership necessary according to the text?
Why is the registration of articles of partnership necessary according to the text?
In what scenario is a contract of partnership void according to Article 1773?
In what scenario is a contract of partnership void according to Article 1773?
Why is it important for a contract of limited partnership with immovable property to be registered?
Why is it important for a contract of limited partnership with immovable property to be registered?
What is the general rule regarding partners' contributions to partnership capital?
What is the general rule regarding partners' contributions to partnership capital?
In case of an imminent loss of the partnership business, what obligation falls on a capitalist partner who refuses to contribute additional capital?
In case of an imminent loss of the partnership business, what obligation falls on a capitalist partner who refuses to contribute additional capital?
Under what circumstance is an industrialist partner not bound by the general rule of equal or unequal contribution?
Under what circumstance is an industrialist partner not bound by the general rule of equal or unequal contribution?
What is the consequence if a capitalist partner refuses to contribute additional capital to save the partnership in an imminent loss scenario?
What is the consequence if a capitalist partner refuses to contribute additional capital to save the partnership in an imminent loss scenario?
Why does a refusal by a partner to contribute additional capital in case of imminent loss lead to his interest being sold?
Why does a refusal by a partner to contribute additional capital in case of imminent loss lead to his interest being sold?
What role do majority capitalist partners play in saving a partnership facing an imminent loss?
What role do majority capitalist partners play in saving a partnership facing an imminent loss?
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