Practice question
A charged partner’s interest is to be redeemed before foreclosure using another partner’s separate property. A critic says Article 1814 invariably requires spending partnership property and dissolving the firm. Which is correct?
- The article permits the specified separate-property redemption without thereby causing dissolution
- Only firm property may ever be used
- Redemption automatically ends every partnership
- No partner can ever redeem
- The creditor automatically owns all specific assets
Legal references
- Civil Code, RA 386: https://elibrary.judiciary.gov.ph/thebookshelf/showdocs/2/53360; Articles 1813-1814.
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