PLEASE HELP ME TUTORS
2. The articles of partnership have no provision on the sharing of the profits and losses of the partnership. What will govern the sharing of the profits and losses 1. Alice, Belen, Carla, and Dengil are partners in Beauty Enterprises Co., a dealer in cosmetics between or among the partners? and other beauty products. No one was appointed as manager in the Articles of 3. When there is misappropriation of the property received by the partnership in the Partnership. Who will act as manager of the partnership? Explain. course of its business, what is the liability of the partners, partnership and the partner guilty of misappropriation? 2. Clean Laundry Services Company is a partnership composed of Carpio, Legaspi, Encinas, 4. When an industrial partner engages in any business during the partnership, what Alzate and Noval. Without the knowledge of the other partners, Carpio used a coat is the available recourse of the other partners in the partnership? brought to the shop by a customer for dry-cleaning in a party he attended. The coat was 5. How managing partners are designated? Differentiate the two ways in which stained with food sauce during the said party. Who will be liable to the customer for managing partners may be designated? damages? Explain. 6. If only the sharing of the profits was designated in the articles of partnership, what will govern the sharing of the losses between or among partners? 3. Apply the provisions of law in case of conflict and violations of obligations of the 7. A sold to B, one of the managing partners of Partnership X, the other being C, a partnership and partners. certain number of mining claims without the consent of C. In an action by A to recover unpaid balance of the purchase price against Partnership X, C claims 1. Go back to Articles 1789 and 1808 provisions of the Civil Code of the Philippines. that the contract is not binding upon the partnership for the reason that under Analyze how these provisions differ with one another? the articles of partnership, there is stipulation that one of the partners cannot bind the firm by a written contract without the consent of the others? 2. Go back to article 1800. It was stated that the managing partner may only execute acts of administration. Therefore, acts of strict dominion are not covered by acts of Is the transaction made by B binding upon the partnership? management. How do acts of management differ with acts of strict dominion? 8. A, B, and C are the original partners of the partnership X with contributions of 3. Go back to Art. 1797. In case sharing in the profits and losses are not expressly P10,000.00 each. X partnership owes D P40,000.00. Later on, E entered the set forth in the articles of partnershipl, how will the profits and losses be shared partnership and contributed P4,000.00 How shall the debt be paid? by the partners in the partnership? 9. A, B, and C are partners with the following capital contributions, P30,000.000. P20,000.00 and P10,000.00 respectively, where C is a capitalist-industrial 4. Go back to Article 1803. In case there is no managing partner designated in the partner. For one year of their operations, their partnership had earned net profits articles of partnership, how will the partnership be managed? What are the of P17,000. How shall these profits be divided among the partners if there was governing rules in case of conflict of management among the partners? no agreement in the articles of partnership? 10.T hired X law, a law firm, to represent Y Company, T's company, in labor negotiation and to advise it on labor matters. P, a senior partner of X Law, was responsible for advising Y Company. T gave money to invest in the common stock of another company. P. misappropriated the money. Is X responsible for the loss
