Question
A and B entered into a contract of partnership for purpose of buying and selling cars. A is the capitalist partner and B the industrial
A and B entered into a contract of partnership for purpose of buying and selling cars. A is the capitalist partner and B the industrial partner. It was stipulated that a will contribute P2,000,000.00 to the common fund on February 20, 2020. On the said date, A failed to deliver the agreed amount. Which of the following statements is correct?*
a. The contract of partnership becomes void because A failed to deliver his supposed contribution to the common fund.
b. B can compel A to deliver his contribution with interest and/or damages without the necessity of demand.
c. The contract of partnership was never perfected because A did not contribute the amount of P2,000,000.00.
d. B must demand from A the delivery of his contribution to render A in default.
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