Practice question
A promised contribution is a uniquely identified printing press. It perishes before delivery to the partnership. No substitution or other issue is involved. What does Article1830(4) provide?
- Its loss causes dissolution
- Dissolution is impossible until a court convicts the partner
- Only lost cash can dissolve a partnership
- Delivery is irrelevant because all promises transfer ownership immediately
- The firm must continue forever
Legal references
- Civil Code RA386: https://lawphil.net/statutes/repacts/ra1949/ra_386_1949.html Articles1830(4),1831 and1839.
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