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Partners. A, B and C are engaged in the business of selling lechon manok in Paranaque. A S: B are capitalist partners 1while C is

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Partners. A, B and C are engaged in the business of selling lechon manok in Paranaque. A S: B are capitalist partners 1while C is an industrial partner. Which of the following statements is correct? 0 Without need of express permission from the partnership, C can separately enter a business engaged in selling chicken barbeque sauce. 0 Unless there is stipulation to the contrary, A or B may not separately enter a business engaged in selling lechon manok. 0 Without need of express permission from the partnership, C may separately enter a business engaged in selling lechon manok. 0 Unless there is stipulation to the contrary, A or B may not separately engage in any type of business. Which of the following statements is incorrect regarding a partner's obligations with respect to contribution of property? O A partner shall indemnify the partnership for any damage caused to it by the retention of the same or the delay in its contribution. O A partner shall be bound for warranty in case of eviction with respect to specific and determinate things which he may have contributed to the partnership, provided there is stipulation making such partner liable. O A partner shall be liable for the fruits thereof from the time they should have been delivered, without the need of any demand. O A partner should contribute the money, property or industry which he may have promised to contribute at the beginning of the partnership or at the time stipulated.Any partner shall have the right to a formal account as to partnership affairs in the following circumstances, except: 0 If a partner deriyes prots without the consent of the other partners from any transaction connected with the formation, conduct, or liquidation of the partnership or from any use by him of its property. 0 If the right exists under the terms of any agreement. 0 If he is wrongfully excluded from the partnership business or possession of its property by his co-partners. 0 Upon a partner's request in the ordinary course of business, anytime as a matter of right. Which of the following rules on partnership management is correct? 0 In the absence of agreement, all of the partners shall be considered agents and, any of the partners may, without the consent of the others, make any important alteration in the immovable property of the partnership. 0 If two or more partners have been intrusted with the management of the partnership without specication of their respective duties, or without a stipulation that one of them shall not act without the consent of all the others, each one may separately execute all acts of administration, but if any of them should oppose the acts of the others, the decision of the majority shall prevail. O In the absence of agreement, none of the partners shall act without the consent of the others, and the concurrence of all shall be necessary for the validity of the acts, and the absence or disability of any one of them cannot be alleged, unless there is imminent danger of grave or irreparable injury to the partnership. 0 In the absence of agreement, the capitalist partners with the highest controlling interest will manage the partnership. Thirdee is a debtor of both ABC partnership and A, the Managing partner of ABC partnership. Thirdee owes the partnership P100,000, with interest of 10% per annum, and secured by a mortgage on Thirdee's agricultural lot, while he owes A, P50,000, also with interest of 10% per annum. Both debts are due and demandable. Which of the following statements is correct if Thirdee pays P9,000 to A? O Thirdee's payment shall be applied proportionately provided A gives a receipt for the partnership credit only. O Thirdee's payment shall be applied proportionately even though A may have given a receipt for his own credit only. O Thirdee's payment shall be applied wherever credit he wishes to be paid first in accordance to the right granted by Article 1252. O Thirdee's payment shall be applied totally to the partnership credit since it is more onerous than A's credit

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