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Questions and Answers
According to Article 1767, a partnership is formed when two or more persons agree to contribute money, property, or industry to a common fund with the intention of dividing the profits among themselves. True or False?
According to Article 1767, a partnership is formed when two or more persons agree to contribute money, property, or industry to a common fund with the intention of dividing the profits among themselves. True or False?
- True (correct)
- False
According to Article 1768, does a partnership have a separate juridical personality from its partners?
According to Article 1768, does a partnership have a separate juridical personality from its partners?
- Yes (correct)
- No
If A and B form a partnership with X & Co., is the property of X & Co. considered as the property of A & B?
If A and B form a partnership with X & Co., is the property of X & Co. considered as the property of A & B?
- No (correct)
- Yes
Can a partnership acquire any property since the partners are merely agents?
Can a partnership acquire any property since the partners are merely agents?
If a third party sues X & Co., are A & B affected?
If a third party sues X & Co., are A & B affected?
True or false: A partnership can be formed for the exercise of a profession.
True or false: A partnership can be formed for the exercise of a profession.
True or false: The property of a partnership is considered the property of its partners.
True or false: The property of a partnership is considered the property of its partners.
True or false: The obligations of a partnership are the same as its partners' obligations.
True or false: The obligations of a partnership are the same as its partners' obligations.
True or false: A partnership has a separate juridical personality from its partners.
True or false: A partnership has a separate juridical personality from its partners.
True or false: A partnership can be sued by its partners.
True or false: A partnership can be sued by its partners.
