Call 7:53 1.00 KB/S 89 Document (6) - Saved . . . Gud evening to everyone. This is your FINAL EXAMINATION in Business Law . Submit your answers in Yellow Pad. Test I 1 to 7 what are the Elements of Partnership? Consensual; nominate; bilateral; onerous; commutative; principal; preparatory Test II Write True if the Statement is Correct. Write False if the Statement is not Correct. 1. De Facto Partnership which comply all Legal requirements of Partnership. 2. Limited partner whose liability goes beyond it's Capital Contribution. 3. Capital Partner one who contributes nothing, money or property to the common fund. 4. General partner one whose liability to persons does not extend to his property. 5. Limited partner whose liability to the third parties is limitless. 6. De Jure Partnership one which has not complied all the requirements of the partnership. 7. Managing Partner one whose does not know how to manage the affairs of the partnership. 8. Liquidating Partner one who take charge of the day to day transactions of the business. 9. Surplus Assets refer to the contributed assets of partnership. 10. Industrial Partner one who is an Industrial Engineer of the partnership. 11. Quasi Contract when there is a meeting of the minds between parties but one party benefited at the expense of the other party. 12. Culpa Contractual this is the diligence in the performance of the pre existing contractual obligation. 13. Fortuitous Events this event that are expected to happened. Test III Problem: Tina and Vivian, is the daughter of Tara both in legal age, employed. Tina has suffered a temporary loss of memory due to the car accident. During the Lucid State of mind of Tina, she sold the car she owned to Jocelyn for 50,000. After two days of the transaction have done. Vivian protested and wanted to cancel the transaction entered by her sister and Jocelyn. Question. Does the transaction (sale of Tina's car) legal?? Explain your answer.! End Good Luck. Deadline of submission will on December 11, 2021. To GOD be the Glory