Practice question
A partner validly transferred ownership of a machine to the firm. It later burns. No other dissolution ground exists. Does its destruction alone dissolve the firm under Article1830(4)?
- No; loss after the partnership acquired ownership does not itself dissolve it
- Yes; every loss of partnership property dissolves it
- Yes; every machine contribution reserves ownership
- No; because dissolution is prohibited for all partnerships
- Yes; but only if a creditor asks
Legal references
- Civil Code RA386: https://lawphil.net/statutes/repacts/ra1949/ra_386_1949.html Articles1830(4),1831 and1839.
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