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1. X and Y orally agreed to form a partnership. Each contributed cash worth P15,000 to common fund. But they did not register the partnership

1. X and Y orally agreed to form a partnership. Each contributed cash worth P15,000 to common fund. But they did not register the partnership with the Securities and Exchange Commission.

A. The partnership is void

B. The partnership is voidable

C. The partnership is still valid

D. The partnership is valid and unenforceable

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