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  • Study Guide No. 20

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    Benilda Agabin
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    This document contains 23 questions about various aspects of partnership law in the Philippines. It asks about the rules for determining if a partnership exists, how to distinguish between different types of business entities like partnerships and joint stock companies, what must be the object or purpose of a partnership, how profits are distributed if an unlawful partnership is dissolved, examples of unlawful partnerships, how partnerships are formed, if partnerships can acquire property, definitions of universal partnerships of present property and profits, ownership and contributions of property in these partnerships, and the difference between universal and particular partnerships.

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    This document contains 23 questions about various aspects of partnership law in the Philippines. It asks about the rules for determining if a partnership exists, how to distinguish between different types of business entities like partnerships and joint stock companies, what must be the object or purpose of a partnership, how profits are distributed if an unlawful partnership is dissolved, examples of unlawful partnerships, how partnerships are formed, if partnerships can acquire property, definitions of universal partnerships of present property and profits, ownership and contributions of property in these partnerships, and the difference between universal and particular partnerships.

    Copyright:

    © All Rights Reserved
    Download as DOCX, PDF, TXT or read online from Scribd
    Flag for inappropriate content
    12 views1 page

    Study Guide No. 20

    Uploaded by

    Benilda Agabin
    This document contains 23 questions about various aspects of partnership law in the Philippines. It asks about the rules for determining if a partnership exists, how to distinguish between different types of business entities like partnerships and joint stock companies, what must be the object or purpose of a partnership, how profits are distributed if an unlawful partnership is dissolved, examples of unlawful partnerships, how partnerships are formed, if partnerships can acquire property, definitions of universal partnerships of present property and profits, ownership and contributions of property in these partnerships, and the difference between universal and particular partnerships.

    Copyright:

    © All Rights Reserved
    Download as DOCX, PDF, TXT or read online from Scribd
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    of 1

    1. What are the rules in determining the existence of a partnership?

    2. A sold his entire business including its goodwill to B on terms providing that A
    shall receive for a period of five years 30% of the net profits of the business
    conducted by B. Does this constitute a partnership between A and B?
    3. Distinguish partnership from co-ownership.
    4. Distinguish partnership from joint stock company.
    5. What must be object or purpose of a partnership?
    6. In case an unlawful partnership is dissolved by judicial decree, how shall the
    profits be appropriated?
    7. Give at least two (2) examples of unlawful partnerships?
    8. In what form shall a partnership be constituted?
    9. Can a partnership acquire immovable property?
    10. Define universal partnership of all present property.
    11. In a universal partnership of all present property which property becomes the
    common property of all the partners?
    12. May the partners contribute future properties to a universal partnership of all
    present property?
    13. Define universal partnership of profits?
    14. If a partner in a universal partnership of profits wins the first prize in the lotto
    draw during the existence of the partnership, is the partner required to turn over
    the winnings to the partnership?
    15. To whom shall movable or immovable property which each of the partners may
    possess at the time of the celebration of the contract of universal partnership of
    profits pertain?
    16. If such movable or immovable property shall pertain exclusively to the partner
    who owns it at the time of the celebration of the contract, what then shall pass to
    the partnership?
    17. Will the usufruct of properties subsequently acquired by the partners in a
    universal partnership of profits belong to the partnership?
    18. How shall the partnership be treated in case the articles of partnership fail to
    specify its nature whether it is one of “present property” or of “profits”?
    19. Who are the persons prohibited from entering into a universal partnership?
    20. When are donations considered void and therefore prohibited?
    21. Define particular partnership.
    22. Can husband and wife enter into a particular partnership?
    23. What is the fundamental difference between a universal partnership and a
    particular partnership?

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