Practice question
Two people make an otherwise valid ordinary oral partnership agreement with P2,000 money capital, no immovable contribution and no secret-association arrangement. One says a written document is indispensable in every partnership. Which is correct?
- Article 1771’s general form rule defeats that categorical objection on these stipulated facts.
- All oral partnerships are void
- Industry can never be contributed
- A corporation must always be formed instead
- Only the mayor may authorize the agreement
Legal references
- Civil Code, RA 386, Articles 1767-1775: https://lawphil.net/statutes/repacts/ra1949/ra_386_1949.html
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