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Almerino: Because a contract of partnership is based on the Gonzaga: It does not have a juridical personality as oppose
concept of delectus personae, which states that a to partnership which has a personality. A partnership in
partnership can only be dissolved when two partners really
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AGENCY, TRUST AND PARTNERSHIP WWW [EH 403 SY 2017-2018]
itself is an entity as oppose to CPG which is just a relation of
property on how their property will be governed. Regis:
Atty: Why is it important important to preserve the juridical Managing partner - one managing the partnerhip
personality? Liquidating Partner - one who is the one in charge in
liquidating the partnership
Gonzaga: Because it has obligations. Continuing Partner - one who remains in the partnership
after is has been dissolved
Atty: It might have entered into transactions with the Surviving Partner - one who continues the partnership
public. And that's the case want to protect. You know if we after the death of a partner
dissolve this, what could happen to the liabilities? Sue the Sub-partner - one who contracts one of the partners in
CPG? No, because CPG does not have personality. Sue them terms of the latters share
individually? Maybe. But why require the creditors to sue Dormant Partner - one who are not active in the business
them individually when in fact there is a juridical person and [inaudible]
that they can sue. Do not dissolve it because it might affect Industrialist Partner - one who contributes heir labor,
the right of third persons. skills, knowledge.
Capitalist Partner - one who contributes money or
Classification of Partners property
Atty: This brings as to the discussion of classification of Joke ni: Industrious partner as distinguished from lazy
partners. How do we classify partners? partner.
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AGENCY, TRUST AND PARTNERSHIP WWW [EH 403 SY 2017-2018]
g. Managing Partner
h. Liquidating Partner
i. Continuing Partner
j. Surviving Partner
k. Sub-partner
l. Dormant Partner
m. Industrialist Partner
n. Capitalist Partner
o. Silent Partner
p. Incoming Partner
q. Original Partner
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