Partnerships in Legal Terms

Religious associations, conjugal partnerships, and others of a similar nature.

By the contract of partnership two or more persons bind themselves to contribute money, property or industry to a common fund, with the intention of dividing the profits among themselves.

The principle of delectus personae, wherein no one can become a partner without the consent of all the partners.

<p>To divide the profits among the partners.</p> Signup and view all the answers

<p>a) Each partner brings or is obliged to bring something to the partnership. b) That which is brought becomes common property.</p> Signup and view all the answers

<p>The principle of delectus personae refers to the requirement that no one can become a partner without the consent of all the partners.</p> Signup and view all the answers

<p>Religious associations, conjugal partnerships, and others of a similar nature.</p> Signup and view all the answers

<p>A partnership contract is based on trust and confidence.</p> Signup and view all the answers

<p>The purpose of a partnership, as defined by law, is to obtain profits to be distributed among the partners.</p> Signup and view all the answers

<p>The two requirements are: a) each partner brings or is obliged to bring something to the partnership, and b) what is brought becomes common property.</p> Signup and view all the answers