Answered step by step
Verified Expert Solution
Link Copied!

Question

1 Approved Answer

11. Under the facts in the immediately preceding question (No. 14), assuming that Irene included all the partners in her suit to recovers what the

image text in transcribedimage text in transcribed
11. Under the facts in the immediately preceding question (No. 14), assuming that Irene included all the partners in her suit to recovers what the partnership owes her, judgement will be rendered against the partners to pay equal amounts. Select your answer 12. Still under the facts in No. 14, assume that Imelda is an industrial partner. Irene may sue the partnership and all the partners, including Imelda. Select your answer 13.As a general rule, a partnership's juridical personality begins upon the: Select your answer 14. The property right of a partner in the partnership include: Select your answer 15.Sandy is designated by the partnership as a managing partner in grocery store chain business. Unknown to the other partners, she bought the building the partnership was previously leasing for one of the store operations. Sandy's action does not bind the partnership. Select your answer 16. 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 by17.Dana and Danilo, and Imelda are partners in the firm DD&I each having contributed 1,000,000, P500,000 and P250,000 respectively to the common fund. The partnership owes Irene P300,000 and has been unable to pay, having exhausted all partnership assets. Irene may sue Dana alone for the whole amount DD&I owes her

Step by Step Solution

There are 3 Steps involved in it

Step: 1

blur-text-image

Get Instant Access to Expert-Tailored Solutions

See step-by-step solutions with expert insights and AI powered tools for academic success

Step: 2

blur-text-image

Step: 3

blur-text-image

Ace Your Homework with AI

Get the answers you need in no time with our AI-driven, step-by-step assistance

Get Started

Recommended Textbook for

Contract Law

Authors: Roger Halson

2nd Edition

1405858788, 978-1405858786

More Books

Students also viewed these Law questions

Question

Did the researcher display conflicts and value differences?

Answered: 1 week ago

Question

Why is repatriation orientation and training needed?

Answered: 1 week ago