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3. Which of the following causes is not an automatic ground for dissolution of general partnership? a. Death of a partner b. Insolvency of a partner c. Civil interdiction of a partner d. Insanity of a partner 4. Which managing partner may be validly removed by partners having controlling interest despite the absence of valid cause for removal? a. Managing partner appointed in articles of co-partnership b. Managing partner appointed in a separate document other than articles of co- partnership c. Either A or B d. Neither A nor B1. Who are the partners not required to contribute additional share of capital to the partnership to save the venture in case of imminent loss of the business of the partnership? a. Industrial partner b. Capitalist partner exempted by agreement c. Both A and B d. Neither A nor B 2. The partnership shall bear the risk of loss for the following contributions of partners, except: a. Fungible things or those that cannot be kept without deteriorating. b. Things contributed to the partnership to be sold. c. Things brought and appraised in the inventory of partnership unless there is a stipulation to the contrary but the amount of partnership obligation will be limited to the value at which they were appraised. d. Specific and determinate things owned by a partner which are not fungible, contributed to the partnership so that only their use and fruits may be for the common benefit such as property brought by partners in case of universal partnership of profits.6. The following are the causes of dissolution of a partnership without violation of th agreement of the partners, except: a. By the termination of the definite term or particular undertaking specified in the agreement. b. By the express will of all the partners who have not assigned their interests or suffered them to be charged for their separate debts, either before or after the termination of any specified term or undertaking. c. By the express will of any partner who acts in bad faith when no definite term or particular undertaking is specified. d. By the expulsion of any partner bona fide or in good faith from the business in accordance with such power conferred by the agreement of the parties. 7. The following are the rules in preference of credits of partnership creditors and partner's creditors, except: a. The partner's personal creditors have preference over the partner's personal assets. b. The partnership's creditors have preference over the partnership's assets. c. Partner's separate creditor shall be paid out of the share of the partner owing him if there is an excess in the partnership's assets over partnership's liabilities. d. Partnership creditors shall be paid out first using partner's separate assets.5. Which of the following statements concerning the obligations and rights of a partner is incorrect? a. Every partner shall at any reasonable hour have access to and may inspect and copy and of the partnership books. b. Every partner shall render on demand true and full information of all tings affecting the partnership to any partner or the legal representative of any deceased partner or any partner under legal disability. c. Every partner must account to the partnership for any benefit, and hold as trustee for it any profits derived conduct, or liquidation of the partnership or from any use by him of its property. d. Every capitalist partner can engage for their own account in any operation which is of the same kind of business in which the partnership is engaged
