The following persons are disqualified to form a universal partnership.

Who are the

exception? (Phil CPA, 88-2)

Those guilty of adultery and concubinage

Husband and wife

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

Brother and sister

A, B, C and D are partners where A, B, and C contributed P1,000,000 each and D

his services. The partnership is engaged in the manufacture and export of
garments. Due to a very strong typhoon, the entire roofing of the factory was blown
by the strong winds and if not repaired immediately would aggravate the damage.
A, B, C and D agreed on an additional contribution of P200,000 each in order to
save the business from imminent loss. Which of these is the correct statement?ect!

If C still has money, but refuses to make the contribution, he can be compelled to sell
his interest in the partnership to the other partners.

If A no longer has money, he can be complied to sell his interest in the partnership to
the other partners.

B can question the decision because he did not vote for the additional contribution.

D is duty bound to contribute 20% more of his time to the business of the partnership.