11. Where at least one partner is a general partner a creation parcel of land owned by the partnership, and the rest are limited partners even for a higher price. Without informing B and C's a. general partnership offer A was able to convince B to sell to him (A) his b. Partnership de facto (B's) share in the partnership. Then A sold the land c. Partnership by estoppels at a big profit. Which of the following is correct? d. Limited partnership a. A is liable to B for the latter's share in the profit b. C is liable to B fo the latter's share in the profit 12. Where all the partners are general partners C. A new partnership is formed between A and C a. Partnership by estoppels d. The sale of the land to C is void since it was b. Partnership de facto without the knowledge of B C. Limited partnership d. General partnership 17. A and B are partners in a real estate business. A and B were approached by X who offered to buy a 13. AB, and C are partners each contributing parcel of land owned by the partnership. Thereafter P10,000. The firm's indebtedness amounts to B sold to A, B's share in the partnership. Then A P90,000. It was stipulated that A would be sold the land to X at a big profit. Which is correct? exempted from liability. Assuming that the capital a. The sale of the land to X is void of P30,000 is still in the firm, which of the following b. B may rescind the contract between A and X is not correct? C. A is liable to B for B's share in the profits a. The creditors may get the P30,000 and still collect each 20,000 from A, B and C. d. A is not liable to B for any share in the profits b. A can recover P10,000 each from B and C should he (A) be required to pay the creditors 18. The following persons are disqualified to form a C. A cannot recover his original capital of P10,000 universal partnership, except d. The creditors can recover P45,000 each from B a. Husband and wife and C. b. Brother and sister c. Those guilty of adultery and concubinage 14. A newly admitted general partner is liable to d. Those guilty of the same criminal offense if the creditors existing at the time of his admission and partnership is entered into in consideration of the his liability is same a. Up to his capital contribution only if there is stipulation 19. AB and C are capitalist partners while D is an b. Up to his separate property even if there is no industrial partner. A, the managing partner engaged stipulation personality in a business that is the same as the c. Up to his capital contribution even if there is business of the partnership without the consent of stipulation the other partners. As a result, d. Up to his separate property only if there is a. If there are losses, the partnership will bear the stipulation. losses b. If there are profits, the profits will be shared by A 15. Using the preceding number, but the obligations and the partnership were contracted after is admission, which of the C. If there are profits, A will give the profits to the following is correct? partnership a. He is liable to the creditors before and after his d. A will be excluded from the partnership and will admission up to his separate property pay damages b. He is liable to the creditors before and after his admission only up his capital contribution C. He is liable to the creditors before his admission up to his capital contribution and to the creditors after his admission up to his separate property d. He is not liable to creditors existing before his admission 16. A and B are partners engaged in the real estate business. A learned that C was interested in buying