Practice question
Under Civil Code Article 1796, the partnership is responsible to a partner for what disbursements?
- Amounts disbursed on behalf of the partnership, with corresponding interest from the time expenses are made.
- Every unrelated personal vacation expense.
- Every private gift the partner makes.
- Only expenses approved by every customer.
- Only expenses incurred after dissolution regardless of purpose.
Legal references
- Civil Code, Articles1786–1811 and1816–1824: https://lawphil.net/statutes/repacts/ra1949/ra_386_1949.html
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