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CHAPTER 2: OBLIGATIONS OF THE PARTNERS KINDS OF PARTNERS 1. As to contribution ARTICLE 1734. A partnership begins from the moment of the execution of

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CHAPTER 2: OBLIGATIONS OF THE PARTNERS KINDS OF PARTNERS 1. As to contribution ARTICLE 1734. A partnership begins from the moment of the execution of the contract, unless it is otherwise stipulated. OBLIGATIONS OF THE PARTNERS RULE: I" A partnership begins from the moment of the execution of the contract F' Even it contributions have not yet been made the firm already exists, for partnership is a consensual contract ARTICLE 1785. When a partnership for a fixed term or particular undertaking is continued after the termination of such term or particular a. Capitalist partners b. Industrial partners c. Capitalistindustrial partners undertaking without any express agreement, the rights and duties of the partners remain the same as they were at such termination, so far as is consistent with a partnership at will. 2. When it is continued by the habitual 3 IMPORTANT DUTIES OF EVERY PARTNER 2. Duty to deliver the fruits of what should ARTICLE 1786. Every partner is a debtor of the He shall also be bound for warranty in case of eviction with regard to specific and determinate things which he may have contributed to the partnership, in the same cases and in the same manner as the vendor is bound with respect to the vendee. He shall also be liable for the fruits thereof from the time they should have been delivered. without the need of any demand. RULES ON THE DUTY T0 CONTRIBUTE 1. The contribution must be made at the time the partnership is entered into unless A continuation of the business by the partners or such of them as habitually acted therein during the term, without any settlement or liquidation of the partnership affairs, is prima facie evidence of a continuation of the partnership

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