Practice question
A valid universal partnership of profits is formed. Later, a partner inherits cash, not as payment for work, and no additional agreement includes it. Another partner says Article 1780 automatically makes every later acquisition common because it occurred during the term. Which is best?
- Timing alone does not convert an inheritance into acquisition by industry or work
- Every acquisition during the term is necessarily wages
- Inheritance automatically proves professional work
- The heir must always surrender every family asset
- Only the cash denomination determines ownership
Legal references
- Civil Code, RA 386: https://elibrary.judiciary.gov.ph/thebookshelf/showdocs/2/53360; Articles 1778,1780,1783.
Answer this question in flashcards to review your response and continue practicing.