Question
On February 14, 2016, a partnership was entered into between mauricio agad and severino mabato to to operate a fishpond. Neither partner contributed a fishpond
On February 14, 2016, a partnership was entered into between mauricio agad and severino mabato to "to operate a fishpond". Neither partner contributed a fishpond or a real right to any fishpond. Their contributions were limited to the sum of P10,000 each. The partnership contract was in a public instrument, but an inventory of the fishpond to be operated was not attached to said instrument.
Choose the correct answer
A. The contract is valid only if the inventory of the fishpond was made and attached to public instrument.
B. The contract is void because the requisites of the law for perfection of contract is not complied with.
C. The contract is valid despite the lack of inventory because the purpose of the partnership was not "to engage in a fishpond business" but "to operate a fishpond".
D. The contract of partnership is void because there is no inventory of the fishpond and attached to public instrument
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