Beruflich Dokumente
Kultur Dokumente
PARPAN, CPA
The contract is consensual.
There must be a contribution of money, property or industry to a
common fund.
The object must be a lawful one.
There must be an intention of dividing the profit among the
partners.
There must be the affectio societatis — the desire to formulate
an ACTIVE union
Its juridical personality is SEPARATE and DISTINCT from that
of each of the partners.
The partnership can, in general: acquire and possess property
of all kinds, incur obligations, bring civil or criminal actions,
can be adjudged INSOLVENT even if the individual members
be each financially solvent.
Unless he is personally sued, a partner has no right to make
a separate appearance in court, if the partnership being sued
is already represented.
FACTS: