JURISDICTION:PHILIPPINES (LAW ON PARTNERSHIP)

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PLEASE INCLUDE THE RELEVANT ARTICLE NUMBER IN THE EXPLANATION (APPLICABLE LAW)

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ned partner Ill. Essay. Read the facts, and answer the question. (10 points each) 16. Yoon Se-Ri, a business mogul from South Korea, accidentally landed in North Korea. She then met Ri Jeong Hyuk, a member of the North Korean elite and the Captain of the North Korean Special Forces. While they had a rough start, they eventually fell in love with each other. Capt. Ri decided to leave the army and pursued his passion in Music in Switzerland. Se-Ri, on the other hand, followed Capt. Ri without leaving her business in South Korea. Se-Ri and Capt. Ri decided to migrate in the Philippines and teach Business Law 2 in the De La Salle University Dasmarinas. The country then granted them Filipino citizenship. On August 25, 2018, Capt. Ri married Se-Ri in a civil ceremony. Wanting to earn more, they formed a limited partnership to engage in a real estate business, with Se-Ri being a limited partner. Is the partnership valid? 17. The Office of the Solicitor General filed a Petition for Quo Warranto against ABS-CBN Corporation for allegedly violating the provisions of its franchise. Under the threat of closure, ABS-CBN Corporation decided to form a partnership with GMA 7 to continue with its regular programing. ABS- CBN Corporation then argued that its partnership with GMA 7 renders the quo warranto petition dismissible. Is ABS-CBN Corporation correct? (10 pts.)