Any partner shall have the right to a formal account as to partnership affairs in the following circumstances, except: O Upon a partner's request in the ordinary course of business, anytime as a matter of right. O If the right exists under the terms of any agreement. O If he is wrongfully excluded from the partnership business or possession of its property by his co-partners. If a partner derives profits without the consent of the other partners from any transaction connected with the formation, conduct, or liquidation of the partnership or from any use by him of its property.Which of the following rules on partnership management is correct? O If two or more partners have been intrusted with the management of the partnership without specification of their respective duties, or without a stipulation that one of them shall not act without the consent of all the others, each one may separately execute all acts of administration, but if any of them should oppose the acts of the others, the decision of the majority shall prevail. O In the absence of agreement, the capitalist partners with the highest controlling interest will manage the partnership. O In the absence of agreement, all of the partners shall be considered agents and, any of the partners may, without the consent of the others, make any important alteration in the immovable property of the partnership. O In the absence of agreement, none of the partners shall act without the consent of the others, and the concurrence of all shall be necessary for the validity of the acts, and the absence or disability of any one of them cannot be alleged, unless there is imminent danger of grave or irreparable injury to the partnership.Thirdee is a debtor of both ABC partnership and A. the Managing partner of ABC partnership. Thirdee owes the partnership P100000. with interest of 10% per annum. and secured by a mortgage on Thirdee's agricultural lot. while he owes A. P511000. also with interest of 10% per annum. Both debts are due and demandable. Which of the following statements is correct ifThirdee pays P1000 to A? If} Thirdee's payment shall be applied proportionately even though It may have given a receipt for his own credit only. r3 Thirdee's payment shall be applied proportionately provided It gives a receipt for the partnership credit only. {:3- Thirdee's payment shall be applied totally to the partnership credit since it is more onerous than It's credit. {:- Thirdee's payment shall be applied wherever credit he wishes to be paid first in accordance to the right granted by Particle 1252. The following are the causes of dissolution without violation of the agreement between the partners, except: O The business of the partnership can only be carried on at a loss. O Expulsion of any partner from the business bona fide in accordance with such a power conferred by the agreement between the partners . O Termination of the definite term or particular undertaking specified in the agreement. O Express will of any partner, who must act in good faith, when no definite term or particular is specified.The court shall decree a dissolution on the following cases, except: O By any event which makes it unlawful for the business of the partnership to be carried on or for the members to carry it on in partnership. O A partner becomes in any other way incapable of performing his part of the partnership contract. O A partner has been declared insane in any judicial proceeding or is shown to be of unsound mind O A partner has been guilty of such conduct as tends to affect prejudicially the carrying on of the business