Partnership Laws Quiz
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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?

  • True (correct)
  • False

    • 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?

  • No (correct)
  • Yes

    • Can a partnership acquire any property since the partners are merely agents?

    <p>Yes</p> Signup and view all the answers

    If a third party sues X & Co., are A & B affected?

    <p>No</p> Signup and view all the answers

    True or false: A partnership can be formed for the exercise of a profession.

    <p>True</p> Signup and view all the answers

    True or false: The property of a partnership is considered the property of its partners.

    <p>False</p> Signup and view all the answers

    True or false: The obligations of a partnership are the same as its partners' obligations.

    <p>False</p> Signup and view all the answers

    True or false: A partnership has a separate juridical personality from its partners.

    <p>True</p> Signup and view all the answers

    True or false: A partnership can be sued by its partners.

    <p>True</p> Signup and view all the answers

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