The word "true" denotes absolute truth, "false" means absolute false, "possible" connotes a mere legal and valid probability.

1) Those owing to partners in respect to profits is the _____ rank in order of payment after dissolution.

a. First

b. Second

c. Third

d. Fourth

e. Other: _________

2) (Sentence 1): A partner shall be bound for warranty in case of eviction with regard to generic and indeterminate things which he may have contributed in the partnership. (Sentence 2): The appraisal of goods which a partner is bound to contribute must be made by an expert.*

a. Both sentences are true.

b. Sentence 1 is true but sentence 2 is false.

c. Sentence 1 is false but sentence 2 is true.

d. Both sentences are false.

e. Sentence 1 possible and sentence 2 is false.

f. Sentence 1 is false and sentence 2 is possible.

g. Both sentences are possible.

h. Other: _______

3) (Sentence 1): The losses and profits shall be distributed in conformity with the agreement. (Sentence 2): The share of each partner in the losses shall be in the same proportion as to profits.*

a. Sentence 1 is true but sentence 2 is false.

b. Sentence 1 is false but sentence 2 is true.

c. Sentence 1 possible and sentence 2 is false.

d. Sentence 1 is false and sentence 2 is possible.

e. Sentence 1 is true and sentence 2 is possible.

f. Sentence 1 is possible and sentence 2 is true.

g. Both sentences are true.

h. Both sentences are possible.

i. Both sentences are false.

j. Other: _______

4) Those owing to partners in respect to capital is the _____ rank in order of payment after dissolution.

a. First

b. Second

c. Third

d. Fourth

e. Other: ______

5) (Sentence 1): The capitalist partners are free engage for their own account in any operation which is of the kind of business in which the partnership is engaged. (Sentence 2): Any capitalist partner, who engages for his own account in any operation which is of the kind of business in which the partnership is engaged, shall bring to the common funds any profits accruing to him from his transactions, and shall personally bear all the losses.

a. Sentence 1 is true but sentence 2 is false.

b. Sentence 1 is false but sentence 2 is true.

c. Sentence 1 possible and sentence 2 is false.

d. Sentence 1 is false and sentence 2 is possible.

e. Sentence 1 is true and sentence 2 is possible.

f. Sentence 1 is possible and sentence 2 is true.

g. Both sentences are true.

h. Both sentences are possible.

i. Both sentences are false.

j. Other: _____

COUNTRY: PHILIPPINES