Practice question
A firm creditor and a partner’s private lender compete for partnership property. The lender says its personal judgment always has priority merely because it was first to complain. Which is best?
- Private complaint order always overrides the partnership rule
- Firm creditors can never reach firm assets
- Only the partner chooses creditor rank
- The firm name decides every priority
- Article 1827 gives the stated preference to partnership creditors as to firm property
Legal references
- Civil Code, RA 386: https://elibrary.judiciary.gov.ph/thebookshelf/showdocs/2/53360; Articles 1815,1826-1827.
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