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BASE ON PHILIPPINE SETTING Wilford and Mel entered into a universal partnership of all profits. At the time of their agreement, Wilford had a 4-hectare

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BASE ON PHILIPPINE SETTING

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Wilford and Mel entered into a universal partnership of all profits. At the time of their agreement, Wilford had a 4-hectare land which he inherited from his father. Mel, on the other hand, had a condominium unit which was donated by his mother. Wilford loves to gamble while Mel is a hardworking call center agent who earns P50,000 a month. Wilford won the jackpot in the casino. a. Which of the following does not belong to the common fund of the partnership? Justify your answer. b. Will the jackpot price form part of the common fund of the partnership? Justify your

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