Belinda, Erlinda, Amanda, Ursula, Teresa and Yolanda are partners in BEAUTY

Enterprises, a dealer in cosmetics and other beauty products, with contributions

of P60,000.00, P50,000.00, P40,000.00, P30,000.00, P20,000.00, and P10,000.00,
respectively. No one was appointed as manager in the articles of partnership.rect!

All the partners are agents or managers of the partnership and any one of
them may perform acts of administration.

Every act in the ordinary course of the business will have to be decided by the majority
determined on a per head basis.

Belinda is the manager because she made the biggest investment.

Every act in the ordinary course of the business will have

to be decided by the controlling interest (biggest investment) although the
partners owning them do not constitute the majority.

A and B are equal partners in AB and Company. Y presented himself as a partner

in AB and Company to Z who relying on such representation, extended a P50,000
credit to AB and Company. Of the two (2) partners only B knew and consented to
the representation of Y. Who should be held liable to Z? (Phil CPA, 88-2)wered

Since the credit was extended to AB and Company, a partnership liability was created,
so the two (2) partners and Y are liable.

Only Y, who presented himself as partner is liable.

B and Y are partner by estoppel and, thus, are liable to Z.

Partners A and B who benefited from the credit extended to the partnership AB and
Company shall be liable to Z.