H was diagnosed to have schizophrenia. He has psychotic episodes. He even tried to kill his own wife during this episode. The Securities and Exchange Commission found out about this incident so it order the dissolution of the partnership where H was a partner. What kind of dissolution is applied? *CO O Extrajudicial O Judicial O By operation of law O None of the aboveJ and K were designated as the managing partners of the partnership. J was designated to perform all acts of administration in Baguio City while K was designated to perform all acts of administration in Metro Manila. Later on, J went to Manila to submit the records of the partnership. He was confronted to make a decision whether to open the business in Metro Manila. J ordered that the office at Metro Manila will remain close. Is this order valid? * () Yes. J is a managing partner so he can perform all acts of administration () No. J even if he is a managing partner can only perform his duties in Baguio City. () No. J and K must perform together the acts of administration. () Yes. J is a managing partner so he can perform all acts of administration even in Metro Manila.A, B, C and D are known robbers in their community. They created a Jewelry-on-hand Partnership so that the jewelries that they get from their crimes will be sold through this partnership. Is the partnership valid? *CO O) Yes. The partnership is valid because there was consent among them. O No. The partnership is not valid because A, B, C, and D are labelled robbers in the community. No. The partnership is not valid because the jewelries came from illegal activities. Yes. The partnership is valid because the name is legitimate.Who is the partner allowed to dissolve the partnership on the ground that he is not able to receive a return of his contribution? * Limited partner in a limited partnership O Limited partner in a universal partnership General partner in a limited partnership O General partner in a universal partnershipH promised to contribute P300,000.00 to the partnership. A, on the other hand, being a popular accountant, promised that he will give 8 hours every week to ensure that the books of the partnership are carefully managed. A was invited to give his services to another partnership. A came to you to seek guidance. What will you tell A? * O) A cannot join the partnership because he must be loyal to only one partnership. O A may join the partnership because a lesser capital is needed by the new partnership. O A may join the partnership because as long as it is not a competition to his existing partnership. O A cannot join the partnership because he is categorized as an industrial partner