BUS LAW II

Limited Partnership

Q1.Distinguish the liability of a limited partner in a limited partnership with the liability of a stockholder of a corporation with respect to third persons.

Q2.Is limited partnership kind of partnership allowed for the exercise of professions? If not, cite reasons.

Q3.What are the features of a limited partnership that cannot be allowed for general partnership?

Q4.Can it be all limited partners in a limited partnership? Explain.

Q5.How does dissolution of limited partnership differ with dissolution of general partnership?

Q6.Are there restrictions to Non-Philippine nationals to become limited partners in a domestic limited partnership?

Q7.Based on your study of the provisions of limited partnerships, would foreign corporations be allowed as partners in limited partnerships?

Q8.What is the requirement of the law with respect to partnership name of a limited partnership?

Q9.When it comes to the recording of articles of partnership of general partnership and limited partnership before the Securities and Exchange Commission, how do they differ? Explain.

Q10.Is capacity to enter into a contract a requirement for entering into a limited partnership? Explain.