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CA51017 (2A20)
2. Content
3. Review Test Submission: Law on Partnerships Part 1
CA51017 (2A20)
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Question 1
0 out of 3 points
Question 2
3 out of 3 points
May a capitalist partner engage for his own account in any operation of business?
Question 3
3 out of 3 points
A partnership begins from the moment of the execution of the contract, unless it is
otherwise stipulated.
Question 4
3 out of 3 points
Question 5
3 out of 3 points
Question 6
3 out of 3 points
Question 7
3 out of 3 points
What is the effect of failure to comply with the requirements in case an immovable
property was contributed?
Question 8
3 out of 3 points
Every partnership shall operate under a firm name, which must include the name of one
or more of the partners.
Question 9
3 out of 3 points
What is the effect in case of failure to comply with the requirements in every contract
having a capital of three thousand pesos or more?
Question 10
3 out of 3 points
Those who, not being partners, include their names in the firm name, shall be subject to
the liability of a partner.
Question 11
0 out of 3 points
What is the effect if two or more partners have been entrusted with the management of
the partnership without specification of their respective duties?
Question 12
3 out of 3 points
What is the consequence in case a partner refuses to contribute additional capital to save
the partnership from imminent loss?
Question 13
0 out of 3 points
What will be the effect if the authorized managing partner collects a demandable sum
which is collected from a person who owed both partner and partnership but was given
on account of the partnership?
Question 14
3 out of 3 points
In a universal partnership of all present property, the property which the partners may
acquire subsequently by inheritance, legacy or donation
Question 15
3 out of 3 points
If the article of universal partnership is entered into without specification of its nature,
what shall govern?
Question 16
0 out of 3 points
What is the remedy of the capitalist partner if an industrial partner engages in business
for himself without express permission of the partnership?
Question 17
3 out of 3 points
The receipt by a person of a share of the profits of a business is prima facie evidence that
he is a partner in the business, except?
Question 18
3 out of 3 points
What are the requirements in case an immovable property was contributed by a partner?
Question 19
3 out of 3 points
What is the effect if the partner who undertakes to contribute a sum of money fails to do
so?
Question 20
3 out of 3 points
What will be the effect if the authorized managing partner collects a demandable sum
which is owed to him in his own name, from a person who owed the partnership another
sum also demandable?
Question 21
3 out of 3 points
This is a partnership in which the partners contribute all the property which actually
belongs to them to a common fund, with the intention of dividing the same among
themselves, as well as all the profits which they may acquire therewith.
Question 22
3 out of 3 points
Question 23
3 out of 3 points
When the manager of management has not been agreed upon, which of the following
rules shall be observed?
Question 24
3 out of 3 points
Every partner is a debtor of the partnership for whatever he may have promised to
contribute thereto.
Question 25
3 out of 3 points
Question 26
0 out of 3 points
What is the effect when a person, by words spoken or written or by conduct, represent
himself, or consents to another representing him to anyone, as a partner in an existing
partnership with one or more persons not actual partners?
Question 27
3 out of 3 points
This is a business organization established by two or more persons who bind themselves
to contribute money, property or industry to a common fund, with the intention of
dividing the profits among themselves.
Question 28
3 out of 3 points
Question 29
0 out of 3 points
What is/are the requirement/s in every contract of partnership having a capital of three
thousands pesos or more, in money or property?
Question 30
3 out of 3 points
What is the effect in case of failure to comply with the requirements in every contract
having a capital of three thousand pesos or more?
Question 31
0 out of 3 points
Question 32
3 out of 3 points
Which of the following is correct when a conveyance is executed by a partner where the
title to real property is in the name of one or more or all of the partners or in a third
person in trust for the partnership?