BL 2 Q.2 2024

The following needs to be contributed by the partners at the beginning of the partnership or at the stipulated time, except:

• Money

• Property

• Industry

• Profession

In case this thing is to be contributed in the partnership, the partners shall warrant its eviction and to deliver the fruits of the promised property.

• Movable

• Money

• Generic

• Specific

In case the partners contribute money to the partnership, he should be held liable for the following from the time he failed to comply with his obligation, except:

• Indemnity

• Interest

• Damages

• Income

The general rule in the contribution of capital in partnership.

• Equal

• Partial

• Circumstantial

• Nominal

A partner who is exempt from contributing an additional share to the capital in case of an imminent loss of the business of the partnership.

• Capitalist

• Industrial

• Dormant

• Nominal

This partner, as a general rule, cannot engage for his own account in any operation which is of the kind of business in which the partnership is engaged.

• Capitalist

• Industrial

• Dormant

• Nominal

This partner, as a general rule, cannot engage in business for himself.

• Capitalist

• Industrial

• Dormant

• Nominal

The partnership bears the risk if the things contributed will be lost, except:

• If the things are fungible.

• If the things cannot be kept without deterioration.

• If the things were not contributed to be sold.

• If the things were brought and appraised in the inventory.

The crime committed if a partner misappropriates partnership money or property received by him for a specific purpose of the partnership.

• Mismanagement

• Swindling

• Estafa

• Fraud

Every partner is responsible to the partnership for damages suffered by it through his fault.

• Indemnity right

• Capital right

• Dormant right

• Nominal right