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    The document discusses the obligations of partners in a partnership contract. It presents 8 rules using pictures as visual aids. Rule 1 implies the partners have an obligation to contribute capital as agreed. Rule 2 shows the partnership commencement date and signatures of partners to the agreement. Rule 3 indicates partners have an obligation to share losses. Rule 4 depicts an obligation to share profits based on capital contribution. Rule 5 distinguishes obligations of contributing and non-contributing partners. Rule 6 states the general rule that share of profits is based on capital contribution. Rule 7 addresses inventory valuation and articles of partnership. Rule 8 poses a question regarding interest accrual on late capital contributions.

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    Chapter-2.-docx

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    The document discusses the obligations of partners in a partnership contract. It presents 8 rules using pictures as visual aids. Rule 1 implies the partners have an obligation to contribute capital as agreed. Rule 2 shows the partnership commencement date and signatures of partners to the agreement. Rule 3 indicates partners have an obligation to share losses. Rule 4 depicts an obligation to share profits based on capital contribution. Rule 5 distinguishes obligations of contributing and non-contributing partners. Rule 6 states the general rule that share of profits is based on capital contribution. Rule 7 addresses inventory valuation and articles of partnership. Rule 8 poses a question regarding interest accrual on late capital contributions.

    Copyright:

    © All Rights Reserved
    Download as PDF, TXT or read online from Scribd
    Flag for inappropriate content
    9 views8 pages

    Chapter 2

    Uploaded by

    rhona nava
    The document discusses the obligations of partners in a partnership contract. It presents 8 rules using pictures as visual aids. Rule 1 implies the partners have an obligation to contribute capital as agreed. Rule 2 shows the partnership commencement date and signatures of partners to the agreement. Rule 3 indicates partners have an obligation to share losses. Rule 4 depicts an obligation to share profits based on capital contribution. Rule 5 distinguishes obligations of contributing and non-contributing partners. Rule 6 states the general rule that share of profits is based on capital contribution. Rule 7 addresses inventory valuation and articles of partnership. Rule 8 poses a question regarding interest accrual on late capital contributions.

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    © All Rights Reserved
    Download as PDF, TXT or read online from Scribd
    Flag for inappropriate content
    of 8

    Republic of the Philippines

    CAMARINES NORTE STATE COLLEGE


    F. Pimentel Avenue, Brgy. 2, Daet, Camarines Norte – 4600, Philippines

    COLLEGE OF BUSINESS AND PUBLIC ADMINISTRATION

    Topic II - Obligations of the Partners


    AE 107 – Business Laws and Regulations
    BSA 2

    Direction: The following pictures denote the obligations of partners in a Partnership contract.
    Establish the rule being implied by the pictures and make a coherent explanation. (Inspired
    by Joshua haha)

    Rule #1:

    CNSC-SP-QMS-05F3 Page 1 of 8
    Revision: 0
    Republic of the Philippines
    CAMARINES NORTE STATE COLLEGE
    F. Pimentel Avenue, Brgy. 2, Daet, Camarines Norte – 4600, Philippines

    COLLEGE OF BUSINESS AND PUBLIC ADMINISTRATION

    Topic II - Obligations of the Partners


    AE 107 – Business Laws and Regulations
    BSA 2

    Rule #2:

    This partnership shall commence


    on October 1, 2023.

    SIGNED: 09/25/23
    Malou
    Manay
    Juag
    Phet

    CNSC-SP-QMS-05F3 Page 2 of 8
    Revision: 0
    Republic of the Philippines
    CAMARINES NORTE STATE COLLEGE
    F. Pimentel Avenue, Brgy. 2, Daet, Camarines Norte – 4600, Philippines

    COLLEGE OF BUSINESS AND PUBLIC ADMINISTRATION

    Topic II - Obligations of the Partners


    AE 107 – Business Laws and Regulations
    BSA 2

    Rule #3:

    CNSC-SP-QMS-05F3 Page 3 of 8
    Revision: 0
    Republic of the Philippines
    CAMARINES NORTE STATE COLLEGE
    F. Pimentel Avenue, Brgy. 2, Daet, Camarines Norte – 4600, Philippines

    COLLEGE OF BUSINESS AND PUBLIC ADMINISTRATION

    Topic II - Obligations of the Partners


    AE 107 – Business Laws and Regulations
    BSA 2

    Rule #4:

    CNSC-SP-QMS-05F3 Page 4 of 8
    Revision: 0
    Republic of the Philippines
    CAMARINES NORTE STATE COLLEGE
    F. Pimentel Avenue, Brgy. 2, Daet, Camarines Norte – 4600, Philippines

    COLLEGE OF BUSINESS AND PUBLIC ADMINISTRATION

    Topic II - Obligations of the Partners


    AE 107 – Business Laws and Regulations
    BSA 2

    Rule #5:
    Partnership Noncontributing
    Partner

    Noncontributing
    Partner
    Contributing

    Partners

    CNSC-SP-QMS-05F3 Page 5 of 8
    Revision: 0
    Republic of the Philippines
    CAMARINES NORTE STATE COLLEGE
    F. Pimentel Avenue, Brgy. 2, Daet, Camarines Norte – 4600, Philippines

    COLLEGE OF BUSINESS AND PUBLIC ADMINISTRATION

    Topic II - Obligations of the Partners


    AE 107 – Business Laws and Regulations
    BSA 2

    Rule #6:
    GENERAL RULE:

    Partner’s Partner’s
    Contribution Share in
    Profits

    CNSC-SP-QMS-05F3 Page 6 of 8
    Revision: 0
    Republic of the Philippines
    CAMARINES NORTE STATE COLLEGE
    F. Pimentel Avenue, Brgy. 2, Daet, Camarines Norte – 4600, Philippines

    COLLEGE OF BUSINESS AND PUBLIC ADMINISTRATION

    Topic II - Obligations of the Partners


    AE 107 – Business Laws and Regulations
    BSA 2

    Rule #7:

    Inventory
    Subject
    to
    Appraisal
    Articles of
    Partnership
    Current Prices

    CNSC-SP-QMS-05F3 Page 7 of 8
    Revision: 0
    Republic of the Philippines
    CAMARINES NORTE STATE COLLEGE
    F. Pimentel Avenue, Brgy. 2, Daet, Camarines Norte – 4600, Philippines

    COLLEGE OF BUSINESS AND PUBLIC ADMINISTRATION

    Topic II - Obligations of the Partners


    AE 107 – Business Laws and Regulations
    BSA 2

    Rule #8:

    When should I accrue interest? On judicial


    demand, on extra judicial demand or on
    the day he promised to contribute?
    WAAAAAH

    CNSC-SP-QMS-05F3 Page 8 of 8
    Revision: 0

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