Law on Partnership Corporation Cooperatives (Philippines)

ResearchworkfromArticle1784to1827.

1.What are thetwo(2) obligationsofapartner,ifafterheenteredandpromisedto contributecapital,hedelaysandfailstodeliveritfortheuseofthebusiness?

2.Ifsomepartnerscontributesomevaluableandusablethingsastheircontribution,

whatelsetobeimportantlydone?Enumeratetwo(2) . . .

3.WelearnedthatinPartnerhip,"anyoneorallofthepartnerscanbecomethemanagers

ofthebusiness".Now,citetheArticlenumberornumbersandthecorrespondingwordingsof thelawthatmandatedsuchlearning.

4.Engr.RogerhasafriendMr.NangwhoborrowedmoneyfromEngr.Rogerandhiswife.Weekslater,Engr.Rogerandhisrelativesestablisheda

PartnershipBusinesswherein Engr.Rogerwasdesignatedasthemanagingpartner.

Thereafter,Mr.Nangwasalsoable tobuystocksfromthebusinessONCREDIT.Onthatparticularday.

Mr.Nanghasan existingobligationtoEngr.RogercoupletheamountofP200,000.Atthe

sametime, Mr.Nangalsohasexistingobligationtothepartnershipbusinessintheamount

of P400,000.Mr.NangwenttoseeEngr.RogeronthatdayandgaveP200,000for thepaymentofhisdebtswhichwasreceivedbyEngr.Roger.

Question#1,citethelettersofthelawapplicabletothatcircumstance.Question#2,computehowthemoney paymentappliedtothedebts.

Answerthequestion/sbasedonyourownunderstandingofthetopic.AVOIDcopy-pastemethodofanswering.

REFERENCE:

Partnership Reference:

https://kupdf.net/download/law-on-partnership-and-corporation-by-hector-de-leon_59657ceadc0d6075302be310_pdf