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15. Sand}:r is designated by the partnership as a managing partner in grocery store chain business. Unknown to the other partners, she bought the building
15. Sand}:r 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 1was previously.r leasing for one of the store operations. Sandy's action does not bind the partnership. 1" 16.Jean contributed 5 sacks of certified palajwr seeds to her partnership with Mandyr and Wilson who contributed 15 hectares of land to be planted. After delivery to the farm, torrential rains caused a massive flood which washed awajir the sacks of certified palajlr seeds. The loss will be borne or shouldered by "' [L] Jean The Partnership Both Jean and The partnership, solidarily Both Jean and The partnership, jointly17. 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.*18. Eanrin, Neck: and Tyshaun are general partners in a partnership with a term of 10 years. Because she needed cash, Aleck, before the expiration ofthe term, sold her whole interest in the partnership to Janice without the knowledge of her partners. Which of the following statements Is true? * [I]: Aleck may not validly sell her whole interest in the partnership without first getting the permission of her partners Janice does not automatically become a partner by her purchase of the interest Both of the above. None of the above.19. Any partner has, at any time and in all instances, the right and the power dissolve the partnership.20. Eufemia, with the consent Wilfredo, told a lie to Priscilla that she and Wilfredo are partners in the restaurant business he is running. Relying on this representation, Priscilla lent Wilfredo P500,000 for the expansion of the business which closed down eventually. Priscilla may sue Eufemia and Wilfredo as partners. *21. In the rule that all partners shall be liable pro rata 1with their property for contracts entered into in the name of the partnership, the term pm rate means that their liatlilityr is * ran ' \f22. Still under the facts in No.18, Janice may ask for the judicial dissolution of the partnership. *23. An exception to the general rule that non-compliance with the legal requirements or formalities in the formation of a partnership is not a bar to its acquisition of a separate legal personality is when *Personal property is contributed to the partnership All contributions are above P3,000 Immovable or real property is contributed
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