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Question

A. General Provisions - 2. Rules to Determine Existence - Civil Code, Art. 1769

Mr. Santos and Mr. Reyes entered into a partnership agreement to operate a catering business. They agreed in writing that each partner would contribute an equal amount of capital and would share the profits and losses equally. However, after a year of operation, Mr. Santos wanted to dissolve the partnership due to personal reasons.

Discuss the following:

1. What are the grounds for the dissolution of a partnership under Article 1830 of the Civil Code?
2. Considering Mr. Santos' desire to dissolve the partnership, what are the steps he needs to take under Article 1829 of the Civil Code?
3. What are the consequences of the dissolution of the partnership, particularly in terms of the partners' liabilities under Article 1784 of the Civil Code?

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Answer