Philippine Bar review · Topic
Obligations of Partnership
Explore Obligations of Partnership in Rights and Obligations for the Philippine Bar. Browse subtopics and published practice questions, then take a quiz or…
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Practice questions
- Under Civil Code Article 1796, the partnership is responsible to a partner for what disbursements?
- Under Article 1796, corresponding interest on qualifying disbursements runs from when?
- Under Article 1823, what must the partnership do regarding a third person's money received by a partner within apparent…
- A partner pays a supplier from personal funds for an authorized partnership purchase. The expenditure is genuinely on t…
- A partner commits a wrongful act in the ordinary course of partnership business, injuring a nonpartner. Under Article 1…
- A partner receives a client's money within apparent authority. Instead of applying it as agreed, the partner misappropr…
- The firm receives a customer's property in the course of business. While it remains in partnership custody, one partner…
- Explain the partnership's obligations to a partner under Article 1796.
- Distinguish Article 1822 liability for wrongful acts from Article 1823 liability for misapplication.
- An owner contributes a nonfungible determinate item only for partnership use and fruits. Who generally bears its risk u…
- Under Article 1820, a partner’s admission within the stated authority concerning partnership affairs is evidence agains…
- Under Article 1821, can notice to a partner of partnership-affairs matters operate as notice to the firm?