#1

I. A universal partnership of present property shall include the profits which the partners may acquire therewith such as properties to the acquired through legacy, donation or inheritance. II. After dissolution, the partners may still enter into contracts in the nar of the dissolved partnership if it is for the purpose of winding up.

A.Only I is correct

B.Only II is correct

C.Both are true

D.Both are false

#2

A certificate shall be amended when, except:

A.There is a change in the character of the business of the partnership.

B.There is no false statement in the certificate.

C.There is change in the time as stated in the certificate for the dissolution of the partnership.

D.The members desire to make a change in any other statement in the certificate in order that it shall accurately represent the agreement among them.

#3

There is cancellation of the certificate of limited partnership, except: I. When the partnership is dissolved. II. When all limited partners cease to be limited partners.

A.Only I is true

B.Only II is true

C.Both are true

D.Both are false