Business Law

(Law on Partnerships)

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Upon death of their parents, Shan, Sheila and Monique enjoyed the fruits and income of the 2-story building which was leased previously by their father to Banco de Oro. QUESTION Do you consider them as partners with respect to the fruits and income, as well as the building? Explain your answer. Spouses Andrew and Anastasia engaged in A limited partnership of buying and selling of car/vehicles business. Anastasia disclosed to be a limited partner. QUESTION Was there a valid partnership business under the Philippine partnership law