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QUESTION (ANSWER ALL) Activity # 1 1. Explain the concept of partnership 2. Explain the following characteristics of partnership a. Consensual b. Principal c. Bilateral

QUESTION (ANSWER ALL)

Activity # 1

1. Explain the concept of partnership

2. Explain the following characteristics of partnership

a. Consensual

b. Principal

c. Bilateral

d. Nominate

e. Onerous

3. What are the essential requisites of partnership?

4. What are the forms of a partnership contract

5. Who may become partners?

6. Explain the kinds of partnership

a. As to object

b. Universal partnership profit

c. As to duration

d. As to representation to others

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