Practice question
What does Civil Code Article 1828 describe as partnership dissolution?
- The automatic payment of every creditor.
- The disappearance of all partnership property.
- The change in partners' relation caused by a partner ceasing to be associated in carrying on, as distinguished from winding up, the business.
- The automatic conversion of every partnership into a corporation.
- The completion of every pending lawsuit.
Legal references
- Civil Code, RA 386, Articles 1828–1837, https://lawphil.net/statutes/repacts/ra1949/ra_386_1949.html
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