Philippine Bar review · Topic

Obligations of Partners Among Themselves

Explore Obligations of Partners Among Themselves in Rights and Obligations for the Philippine Bar. Browse subtopics and published practice questions, then…

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Practice questions

  1. Under Article 1786, each partner is a debtor of the partnership for what?
  2. Absent a contrary stipulation, Article 1790 requires partners to contribute capital in what shares?
  3. Under Article 1807, what must a partner do with unauthorized profits from connected partnership transactions or use of …
  4. A partner undertakes to contribute money on a fixed due date and fails to pay. Under Article 1788, when does liability …
  5. A capitalist partner conducts for personal account the same kind of business as the partnership, without a contrary sti…
  6. A partner secretly uses partnership property in a connected transaction, earns a profit without the others' consent, an…
  7. The partners agree only on profit shares, making no separate loss allocation. A capitalist partner claims losses must a…
  8. Explain the duty to make promised contributions and the special money-default rule.
  9. Compare the competing-business rules for industrial and capitalist partners.
  10. State the duties of information and accounting among partners.
  11. If contributions of goods have no stipulated appraisal method, Article 1787 identifies which method?
  12. Under Article 1798, may designation of profit-and-loss shares be entrusted to one partner?