Philippine Bar review · Question

Practice question: Obligations of Partners Among Themselves

Multiple Choice Easy

Practice question

Under Article 1807, what must a partner do with unauthorized profits from connected partnership transactions or use of its property?
  1. Keep them privately in every case.
  2. Give them automatically to a competitor.
  3. Destroy the records.
  4. Account to the partnership and hold them as trustee for it.
  5. Convert them into personal immunity.

Legal references

  • Civil Code, Articles1786–1811 and1816–1824: https://lawphil.net/statutes/repacts/ra1949/ra_386_1949.html

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