1. Eufemia, with the consent Wilfredo, told a lie to Priscilla that she and Wilfredo are partners in the restaurant business he is running. Relying on this representation, Priscilla lent Wilfredo P500,000 for the expansion of the business which closed down eventually. Priscilla may sue Eufemia and Wilfredo as partners.

a. true

b. false

2. In the rule that all partners shall be liable pro rata with their property for contracts entered into in the name of the partnership, the term pro rata means that their liability is

a. Joint

b. Solidary

c. Both joint and solidary.

3. Still under the facts in No. 6, Janice may ask for the judicial dissolution of the partnership.

a. true

b. false

4. An exception to the general rule that non-compliance with the legal requirements or formalities in the formation of a partnership is not a bar to its acquisition of a separate legal personality is when

a. Personal property is contributed to the partnership

b. All contributions are above P3,000

c. Immovable or real property is contributed

5. Under the facts of the immediately preceding question (No. 6), Janice may ask for the inspection of the partnership books so she can participate in the management of the same.

a. true

b. false

6. Earvin, Aleck, and Tyshaun are general partners in a partnership with a term of 10 years. Because she needed cash, Aleck, before the expiration of the term, sold her whole interest in the partnership to Janice without the knowledge of her partners. Which of the following statements is true?

a. Aleck may not validly sell her whole interest in the partnership without first getting the permission of her partners

b. Janice does not automatically become a partner by her purchase of the interest

c. Both of the above.

d. None of the above.