Question 1 1 pts All partners shall be liable solidarihur for all contractual obligations of the partnership. 0 True 0 False Question 2 1 pts May contribute moneyr , property or industry to the common fund: O General partner O None of them Q Limited partner 0 Both limited and general partner Question 3 One who takes charge of the winding up oi partnership affairs upon dissolution Q Imusirialpartner O Osiensible partner 0 Liquidating partner 0 Silent partner Question 4 Management of a partnership is usually conferred upon the 0 President 0 Manager 0 Partners O CEO Question 5 All partners shall be liable pro rata for those chargeable against the partnership resulting from torts. 0 True 0 False Question 6 1 pts Which of the following statements is correct? O When there is a contribution of immovable property, the partnership contract must be duly notarized in order to be valid. O A contract of partnership having a capital of P3,000 which is not registered in the SEC cannot sue but can be sued. O To be valid, a partnership must be in writing. O A contract of partnership having a capital of P5,000 must be in a public instrument, otherwise void. Question 7 1 pts Every contract of partnership having a capital of P3,000 or more in money or property shall appear in a public instrument which must be recorded in the Securities and Exchange Commission. Failure to comply with said requirements O Will not give the partnership a legal personality. Will give the partnership a de facto existence. O Will render the partnership void. O Will not affect the liability of the partnership and the members thereof to third persons. Question 8 1 pts Alfie and Brian orally agreed to form a partnership. Each contribute cash and properties worth P3,000 to a common fund. But they did not register the partnership with the Securities and Exchange Commission (SEC) O The partnership is void. O The partnership is unenforceable. O The partnership is voidable. O The partnership is still valid