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Where title to real property is in the name of the partnership, what is the effect of the conveyance executed by a partner in his own name instead in the partnership's name? a. The conveyance passes the equitable interest of the partnership provided the act is one within the authority of the partner and for apparently carrying on in the usual way in business of the partnership which he is a member. b. The conveyance passes the equitable interest of the partnership regardless of the lack of authority of the partner selling the property. c. The conveyance will pass the equitable interest of the partnership only if the other partners ratify the sale. d. The conveyance will pass the equitable interest of the partnership only if the partner owing the controlling interest will approve the sale.The following are obligations of a partner to the partnership, except: a. To bring to the partnership capital his share of a partnership credit which he has received in whole or in part even he may have given his receipt if the other partners have not collected their shares and the debtor becomes insolvent after the partner has received the payment. b. To pay to the partnership for damages suffered by it through his fault but he cannot compensate them with the profits and benefits which he may have earned for the partnership by his industry. c. To render on demand true and full information of all things affecting the partnership to any partner, legal representative of any deceased partner or legal representative of any partner under disability. d. To account to the partnership for any benefit and hold as trustee for it any profits, derived by him without the consent of the partners from any transaction connected with the formation, conduct or liquidation of the partnership or from use by him of its property. e. To bear the risk of specific and determinate things owned by the partnership.If an existing partnership is sold by the incumbent partners to another persons, what is the effect of the sale to the liability of the partnership to the third persons if the sale is without consent of the third persons? a. The previous partners are still liable to the old partnership creditors despite the sale! b. The new partners will become solely liable to the old partnership creditors even if the latter did not give consent to the sale. c. The old partnership creditors can no longer go after the old partners. d. The previous partners are already free from any partnership liability by reason of the sale.In the liquidation of the general partnership, indicate the proper order of payment of partnership liabilities and equity: I. Those owing to the creditors other than partners. II. Those owing to partners other than for capital and profits. III. Those owing to partners in respect of capita. IV Those owing to partners in respect of profits. a. 1 - 1I - III - IV b. 1 - 11 - IV - 111 c. 1I -1 -III - IV d. 11 -1-IV -111
