7.A, B and C are partners in ABC partnership. A and B contributed P10,000 each while C contributed his service. After payment of the partnership liabilities to creditors, only P15,000 remains. In the absence of stipulation to the contrary the share of C shall be:

a.P5,000 c. P15,000

b.P10,000 d. Zero

4.Three of the following are property rights of a partner. Which is not?

a.Right to specific partnership property.

b.Right to demand formal accounting of partnership affairs.

c.Right to participate in the management.

d.Interest of the partner in the partnership.

2.A Delectus persona is not a sufficient requirement in what kind of partnership.

a.Universal c. Limited

b.General d. Particular partnership