Practice question
Does estoppel liability necessarily prove that the apparent partner is an actual partner among the alleged partners?
- Yes, all internal rights arise automatically
- Yes, every contribution is presumed paid
- Yes, a written partnership contract is automatically signed
- No, liability to a relying creditor can exist without actual partnership among themselves
- Yes, the apparent partner necessarily owns every asset
Legal references
- https://lawphil.net/statutes/repacts/ra1949/ra_386_1949.html — Civil Code, Articles 1769(1) and 1825
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