1. The dissolution of apartnership cause by the death, insolvency, or civil interdiction of a partner is called

A. Voluntary dissolution

B. Involuntary dissolution

C. Judicial dissolution

D. None

2. Partners Susan, Dennis, and Nico each contributed P100,000 for the purpose of going into growing flowers and selling them to hotels. They agreed to divide profits as follows: Susan - 40%, Dennis - 30%, and Nico - 30%. The division of the profits should be:

A. Pro-rata or per their contribution

B. As agreed between them

C. As determined by the controlling interest

D. As determined by a third party

3. Fred, Paul, John, and Mark contributed P10,000 each for the purpose of betting in a "jueteng" draw. The contract of partnership is

A. Valid

B. Void

C. Voidable

D. Rescissible

4. The students of Class BSA 3-4 agreed to contribute P500 each for the purpose of betting at the Lotto games of the PCSO and divide the money among themselves in case they get lucky. The contract of partnership is

A. Valid

B. Void

C. Voidable

D. Rescissible

5. The contract signed by the partners contained a provision that excluded the industrial partner from sharing in the losses of the partnership. The provision is

A. Valid

B. Void

C. Voidable

D. Rescissible