Prelims
the common benefit and interest of the
prepare
Articles of partnership
Consist of 5 partners
Out of 5, 1 partner is a industrial partner legal
age
The rest could be capitalist or general
Contributed a real property or immovable
property
Contribution, money property, industry
One of the five partners Contributed real
property
Provisions of property losses
Article of partnership must contain sharing of
profits and losses, provision
Deadline: next week
Distribution of profit and losse
1799
Stipulation which excludes od\f one or more
partners from any share from profits or losses
void
Do not provide a stipulation
The law does not stipulation…
It does not indicate the provision who is or what
kind of partner
Remember sharing of profits if he industrial
share profits – he share is only what is just and
equiatable
But the industrial does not share on losses
because that is recognize by the law
By stipulation reson [artnership must exist in
partners
If the stipulation is void doesn not make the the
partnership void ecluding one or more partners
The article of partnership to be considered by
the stipulation
What is the reason behin exempting the
industrial partner in sharing the losses?
Industrial partner isn not liable he cannot
withdraw the labor already done by him
because he contributes service, labor, work. He
cannot withdraw work contribute by him.
1800 the partner who has been appointed
manager
5 partners agreed form partnership one among
thema manager is appointed the article of
partnership acts of administration
Specifies 2 cases of appointment.
What are the 2 distinct cases appointing of a
manager. Article 1800
Is it possible 2 or more partners became
manager
Yes. 1801.
T or f
There must only be 1 managign partner in a
partnership
A ,b ,c , e. mr a and b, you will be preparation
of art partnrtship, managing partners of the
partnership without specifying the duties