The document discusses various legal questions regarding the dissolution and winding up of partnerships under Philippine law. It addresses topics such as who can apply for judicial dissolution, the grounds for dissolution, a partner's ability to bind the partnership after dissolution, how partnership assets are distributed, the rights of partners upon dissolution, and more. The document seeks to explain the legal processes and responsibilities involved when a partnership is dissolved.
The document discusses various legal questions regarding the dissolution and winding up of partnerships under Philippine law. It addresses topics such as who can apply for judicial dissolution, the grounds for dissolution, a partner's ability to bind the partnership after dissolution, how partnership assets are distributed, the rights of partners upon dissolution, and more. The document seeks to explain the legal processes and responsibilities involved when a partnership is dissolved.
The document discusses various legal questions regarding the dissolution and winding up of partnerships under Philippine law. It addresses topics such as who can apply for judicial dissolution, the grounds for dissolution, a partner's ability to bind the partnership after dissolution, how partnership assets are distributed, the rights of partners upon dissolution, and more. The document seeks to explain the legal processes and responsibilities involved when a partnership is dissolved.
No, According to Article 1829, on dissolution the partnership is not
terminated, but continues until the winding up of partnership affairs is completed.
2. Who may apply for a judicial dissolution of a partnership?
3. What are the grounds for a judicial dissolution of a partnership upon the application of a partner? 4. If a purchaser of a partner’s interest who applies for judicial dissolution of the partnership, within what time shall he do so? 5. Upon the dissolution, can a partner still act for the partnership? Explain. 6. Under what cases may a partner bind the other partners or the partnership on a new contract entered into by the partner after dissolution of the partnership? 7. Is the partnership bound should a third person enters into a new contract with the partnership after the dissolution of the partnership? 8. What is the extent of the liability of a partner for any liability under a transaction with a third person who had extended credit prior to the dissolution and had no knowledge or notice of the dissolution? 9. Under what circumstances is a partnership not bound by any act of a partner after dissolution? 10. Discuss the effect of dissolution upon the existing liability of a partner? 11. Respecting the individual property of a deceased partner, who shall be preferred between the partnership creditors and the separate creditors of a deceased partner? 12. How may a partnership affairs be wound up? 13. Who may wind up the partnership affairs? 14. Who may obtain judicial winding of the partnership affairs? 15. What are the rights of the partner upon the dissolution of the partnership? 16. How shall the assets of the partnership be distributed upon dissolution? 17. Who may enforce the contributions necessary to satisfy the partnership liabilities from the other partners? 18. Will the individual property of a deceased partner be liable for said contributions to satisfy partnership liabilities? Explain. 19. In case a partner has become insolvent of his estate is insolvent, in what order shall the claims against his separate property be paid? 20. Under what conditions may a business of a partnership after dissolution be continued? 21. If the business is continued under the same partnership name where the name of the deceased partner forms part thereof, will such use make the individual property of the deceased partner be held liable for the debts contracted by such partnership? 22. In case the business of the dissolved partnership is continued without liquidation of partnership affairs, what are the rights of the retiring partner or the legal representative of the deceased partner?