Question
Chrisma, Twinkle and Eugene agreed to form a partnership? Chrisma agreed to contribute a building located at Bonifacio St. Twinkle agreed to contribute One million
Chrisma, Twinkle and Eugene agreed to form a partnership? Chrisma agreed to contribute a building located at Bonifacio St. Twinkle agreed to contribute One million Pesos (P1,000,000.00) and Eugene the amount of Five Hundred Pesos (P500,000.00). Twinkle failed to deliver her contribution. The partnership demanded from her delivery of her contribution but she contended that she is no longer a partner for her failure to deliver her share. a. Is the position or contention of Twinkle valid? Why? Explain with legal reason b. What is she then in relation to the partnership. Why? Explain with legal reason. c. What is required when a real property is contributed in order that a partnership shall be valid? Explain with legal reason.
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