Practice question
A universal partnership agreement does not specify its nature. What does Article 1781 provide?
- It is automatically void for that omission alone
- It is always all-present-property
- It becomes a corporation
- It constitutes a universal partnership of profits
- It is necessarily a limited partnership
Legal references
- https://lawphil.net/statutes/repacts/ra1949/ra_386_1949.html — Civil Code, Articles 1776–1783
Answer this question in flashcards to review your response and continue practicing.