50.Phoebe, limited partner with Peter and Anna in a bakeshop business, while vacationing in Italy, saw childhood friend Claire, who surprised her with a business proposal for the supply of croissant to the hotel that employs Claire. Phoebe, feeling doubly blessed by the proposal while also on vacation, immediately signed the supply contract. The contract binds the partnership. 51. The dissolution of a partnership cause by the death, insolvency, or civil interdiction of a partner is called Select your answer 52.Apple, partner with Alejandro, Priscilla, and Elvis in a real estate business, bought a parcel of land for the partnership from Martha who promised him a 5% share in her commission. Apple received her commission from Martha only after the dissolution. Apple is legally bound to account for the commission she received as a result of the sale. Select your answer 53.Partner Melencio agreed to split his share in partnership profits with Inocencio who is not member of the partnership. The other partners knew of this agreement between Melencio and Inocencia Inocencio may participate in the management of the partnership. Select your answer 54.Alex, Mon, Tom, and Fidel signed the Articles of Limited Partnership which indicates Fidel as the sole limited partner but failed to register the same with the Securities and Exchange Commission. Fidel may raise the defense of his being a limited partner against any creditor with actual knowledge that he is a limited partner. Select your answer 55. Partners Susan, Dennis, and Nico each contributed P100,000 for the purpose of going into growing flowers and selling them to hotels. They agreed to divide profits as follows: Susan - 40%, Dennis - 30%, and Nico - 30%. The division of the profits should be