10 Questions
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
According to Article 1768, does a partnership have a separate juridical personality from its partners?
Yes
If A and B form a partnership with X & Co., is the property of X & Co. considered as the property of A & B?
No
Can a partnership acquire any property since the partners are merely agents?
Yes
If a third party sues X & Co., are A & B affected?
No
True or false: A partnership can be formed for the exercise of a profession.
True
True or false: The property of a partnership is considered the property of its partners.
False
True or false: The obligations of a partnership are the same as its partners' obligations.
False
True or false: A partnership has a separate juridical personality from its partners.
True
True or false: A partnership can be sued by its partners.
True
Test your knowledge on partnership laws with this quiz! Learn about the legal aspects of forming a partnership, the types of contributions involved, and the juridical personality of a partnership.
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