The following persons are disqualified to form a universal partnership.

Who are the

exception? (Phil CPA, 88-2)

Husband and wifeect!

Brother and sister

Those guilty of the same criminal offense in the partnership is entered into consideration
of the same.

Those guilty of adultery and concubinage

A and B entered into a universal partnership of all present property. The common
property of the partnership shall be: (Phil CPA, 87-1)

All the properties which shall belong to each of the partners after the constitution of the
partnership.

All the properties which belonged to each of the partners at the time of the constitution
of the partnership as well as properties which each may acquire thereafter.

All the properties which belonged to each of the partners at the time of the constitution
of the partnership.rect!

All the properties which belonged to each of the partners at the time of the constitution
of the partnership as well as the profits which they may acquire therewith.

Which of the following stipulations in a contract of partnership is valid?

A stipulation exempting a capitalist partner from losses.Correct!

A stipulation exempting an industrial partner from losses.

A stipulation excluding a capitalist partner from profits.

A stipulation excluding an industrial partner from profits.