1. MIDAS Jewelry Store is a partnership composed of Mary, 14.

The designation of share in profits and losses entrusted

Irene, Debbie, Alice & Susan. Mary was appointed as a
manager. During the year, Irene was given authority by all
the partners to buy a car for the partnership. When will a
purchase or sale of jewelry by Mary, who was not given
other authority as the other partners except Irene, bind
the partnership?
2. MIDAS Jewelry Store is a partnership composed of Mary,
Irene, Debbie, Alice & Susan. Mary was appointed as a
manager. During the year, Irene was given authority by all
the partners to buy a car for the partnership. When will a
purchase or sale of car by Mary, not bind the partnership?
3. Give at least one act not considered as apparently carrying
on in the usual way of the business of the partnership &
explain why is it so not considered?
to one of the partners is _____________________.
A. Valid
B. Void
C. Enforceable
D. None of the Above
15. When will the appointment of a partnership manager be
revoked?
16. A’s right in the specific property of partnership ABC is
subject to attachment requested by A’s personal creditor.
Given only such facts, is the attachment valid? Why?

4. WISE Company, in line with buy & sell of land, is composed 17. Define partnership as a business organization.
of partners Walter, Irwina, Scott & Edgar. A parcel of land
in the name of WISE Company was sold in the name of
Walter to Er-win without express authority. In what
scenario will the title of the land pass to Er-win?
5. Supah Bilis, a partner in Supah Papa Licious Company, is 18. Give at least two characteristic of a partnership &
driving after office hours using the company car to rush an explain.
order from a valued client when the car slammed to the
car of Nabung Go on the account of Supah Bilis’
negligence. Who will be liable? Supah or the partnership?
Why?
6. Partnership Mane Mena Poe, admitted Poe as a manager, 19. Jack Stone & Sons is a partnership composed of Albert
authorized to sell a land, & learned on the second day as Stone, Bernard Stone & Charles Stone, sons of Jack Stone.
official partnership manager, that a partnership property, Jack Stone is well known in the business community &
land, was being claimed by Sandoc even before his although he has retired from active business, he allowed his
admission a a manager/partner, sold such land to Tiny Dor. name to be included in the firm’s name to boost the
Sandoc obtained a court judgement against Tiny Dor. Tiny business of the partnership formed by his sons. Is Jack Stone
dor seeks to recover damage form Mane Mena Poe subject to the partnership liabilities? How about to the rights
Partnership. The partnership opposed Sandoc’s argument as a partner?
saying that the sale by Poe to Tiny Dor is invalid since the
claim is before Tiny’s admission as partner/manager. Is the
partnership correct? Why?
7. Distinguish Notice vs. Knowledge as per Article 1821. 20. Describe a Universal Partnership of All Present Property.

8. A, B and C are partners in the firm ABC Company. A was
driving the firm’s delivery truck beyond speed limit in
order to serve a customer when he hit P, a pedestrian. Is
the liability of Partnership ABC, Partner A, Partner B &
Partner C solidary or joint?
9. The liability of partners & the as-if partner to third persons
who was in good faith in the case of a partnership by
estoppel joint or solidary?
21. Give at least one disadvantage of being a general
partner.
22. What is a charging order? Is the court allowed to charge
the interest of a debtor-partner by issuing a charging order?
Why?

10. A person admitted as a partner into an existing partnership 23. What is homestead/ exemption law? May a partner avail
is liable for all obligations of the partnership arising before this exemption law if his interest is charged?
his admission as though he had been a partner when such
obligation were incurred, except that his liability shall be
satisfied only out of partnership property, unless there is a
stipulation to the contrary. True or False.
11. Explain the principle of delectus personae. 24. What are the three property rights of a partner?

12. When will a partnership become a limited partnership? 25. What is a partnership?

13. What are the essential requisites of a partnership with an 26. What is a particular partnership? Give an example.
immovable property having been contributed by one of
the partners?