i.

To the Partners
1. Render Accounting (Art. 1807, NCC)
2. Capitalist Partners (Art. 1808, NCC)
ii. To Third Persons
1. General Liability (Art. 1816, NCC)
a. Partners as Agents of Partnership (Art. 1818,
NCC)
i. Effects
ii. Doctrine of Apparent Authority
b. Stipulation to Limit Liability (Art. 1817, NCC)
2. Transaction under the Partnership Name (Art. 1815,
NCC)
3. Conveyance of Partnership Properties (Art. 1819, NCC)
4. Admission and Representation of Partners (Art. 1820,
NCC)
5. Notice to Partners (Art. 1821, NCC)
6. Liability of New Partner (Art. 1826, NCC)
b. Obligation of the Partnership
i. To Partners
1. As to Advances (Art. 1796, NCC)
2. As to Distribution of Profits/Losses (Art. 1797-1799,
NCC)
3. Partnership Books (Art. 1805, NCC)
4. Request for Accounting (Art. 1809, NCC)
5. Property Rights
a. Property Rights (Art. 1810, NCC)
b. Nature of Ownership (Art. 1811, NCC)
c. Incidents of Ownership (Art. 1811, NCC)
ii. To Third Persons
1. Losses caused by Partners (Art. 1822, NCC)
a. Who shall shoulder the losses? (Art. 1824, NCC)
2. Partnership by Estoppel (Art. 1825, NCC)
3. Liability of New Partner (Art. 1826, NCC)
c. Dissolution and Winding Up
i. Dissolution v. Winding Up – Art. 1828-1829, NCC)
ii. Grounds for Dissolution
1. Voluntary - (Art. 1830, NCC)
2. Involuntary – (Art. 1831, NCC)
iii. Effects of Dissolution – (Art. 1832, 1834-1835, NCC)
1. Remaining Affairs
2. On Partners
3. Third Persons
4. Involuntary Dissolution – (Art. 1833, NCC)
5. Division on Remaining Properties –
iv. Transfer of Liability of Insolvent Partners –
v. Order of Preference – Liability (Art. 1839, NCC)
d. Limited Partnership
i. In Comparison with a General Partnership
 1. Definition – (Art. 1843, NCC)
2. Composition – (Art. 1843, NCC)
3. Formal Requisites – (Art. 1844, NCC)
4. Nature of Contributions
a. Limited Partner
b. General Partner
ii. Surname of a limited partner – (Art. 1846, NCC)
iii. Limitation on Limited Partners – (Art.1848, NCC)
iv. Admission of New Partners - (Art.1849, NCC)
v. Rights and Obligations of Partners
1. General
a. Rights (Art. 1850, NCC)
b.
c. Obligations
2. Limited
a. Rights (Art. 1851- 1857, NCC)
b. Obligations (Art. 1858, NCC)
vi. Assignment of Rights – (Art. 1859, NCC)
vii. Effect of Death, Insolvency, Incapacity of General and Limited
Partners – (Arts. 1860-1861)
viii. Order of Preference in Winding Up of Affairs and Liability (Art.
1863, NCC)