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AllBar 2024COMMERCIAL AND TAXATION LAWSII. PARTNERSHIPF. Limited Partnership (Civil Code, arts. 1843-1867)

Question

Subject: Partnership

F. Limited Partnership (Civil Code, arts. 1843-1867)

Question: Discuss the liability of limited partners in a limited partnership under the Civil Code of the Philippines.

Provide a scenario where the limited partners may be held personally liable for the obligations of the partnership. Enumerate the possible defenses that may be invoked by the limited partners to avoid personal liability.

Conclude your answer by discussing any statutory provisions or legal principles that support or limit the liability of limited partners in a limited partnership.




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