Practice question
Under Article 1798, may designation of profit-and-loss shares be entrusted to one partner?
- Yes, any partner may unilaterally set all shares
- No
- Only the managing partner always may do so
- Every creditor sets the shares
- The Code has no limitation
Legal references
- Civil Code, RA 386: https://elibrary.judiciary.gov.ph/thebookshelf/showdocs/2/53360; Articles 1787,1798.
Answer this question in flashcards to review your response and continue practicing.