Question
1.CP are capitalist partners while IP is industrial partner, who in addition to his services also contributed capital to the partnership. There is no agreement
1.CP are capitalist partners while IP is industrial partner, who in addition to his services also contributed capital to the partnership. There is no agreement as to the profits and losses. The partnership realized profit in the amount of P21,000.00. The partnership suffered loss in the same amount of P21,000.00, the share of the capitalist partners in the loss shallbe:
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Law for business and personal use
Authors: John E. Adamson
18th edition
538445887, 538445882, 9781111803131 , 978-0538445887
