1. Where persons, without being partners, mislead others into believing that they are partners in a venture and such others, relying on the misrepresentation, suffer harm or injury, a _____________ is considered by the law to have been formed

a. de facto partnership

b. partnership by estoppel

c. de jure partnership

d. none

2. While operating a refrigerated truck on the way to organic beef to customers of his partnership with Jimmy and Sequoia, partner Redentor, who turned out to be drunk, slammed into a sari-sari along the road resulting in severe injuries suffered by the person minding the store. Which of the following is true?

a. not liable for damages resulting from the criminal negligence of partner Redentor

b. jointly liable with Redentor for damages resulting from the criminal negligence

c. solidarily liable with Redentor for the criminal negligence

d. none

3. Sabrina is a creditor of the partnership for P25,000. Brutus is a creditor of partner Caesar for P50,000. As between the two creditors as regard partnership property

a. the credit of brutus is preferred

b. the credit of sabrina is preferred

c. there are no preferences so sabrina's and brutus' credits will be satisfied in proportion to the amounts

d. none

4. Jean contributed 5 sacks of certified palay seeds to her partnership with Mandy and Wilson who contributed 15 hectares of land to be planted. After delivery to the farm, torrential rains caused a massive flood which washed away the sacks of certified palay seeds. The loss will be borne or shouldered by

a. Jean

b. the partnership

c. both Jean and the partnership, jointly

d. both Jean and the partnership, solidarily

5. 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 a and b

6. A partnership formed strictly in compliance with all the requirements of the law is termed

a. de facto

b. de jure

c. revolutionary