Practice question
How does Article 1769 treat a genuine profit-funded annuity to the widow or representative of a deceased partner?
- It conclusively admits a new partner
- It always creates a corporation
- It is an express exception to inferring partnership solely from receipt of profit shares
- It automatically transfers all partnership land
- It always eliminates the annuity
Legal references
- Civil Code, RA 386, Articles 1767-1775: https://lawphil.net/statutes/repacts/ra1949/ra_386_1949.html
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