ABC

1. In ABC and D partnership, A contributed P400,000; B P200,000; C P100,000 and D is an industrial partner. The share of D, the industrial partner, in the profits should be -

a.That which is in accordance with what is just and equitable under the circumstances as determined by all of A, B, C and D but if no agreement is reached by the decision of the courts.

b.Equal to the share of C as the partner with the least contribution.

c.That which is in accordance with what is just and equitable under the circumstances as determined by capitalist partners A, B and C only.

d.That which is in accordance with what is just and equitable under the circumstances as determined by all of A, B, C and D.

2.The following are the property rights of a partner, which one is assignable?

a.Right in specific partnership property

b.Interest in the partnershiP

c.Right to participate in management

d.Right to use the partnership property