Those who take active part in the business and known to the public (third person) as a partner in the partnership. O Dormant partner O Managing partner O Ostensibly partner O Silent partnerX and verbally entered into a partnership with each of them contributing P2,000each and some immovable properties in the amount of P50,000 each. The partnership contract is: O Valid Void because there is no inventory O made and it is not in public Instrument O Void, because it is not registered with the SEC. Unenforceable because the amountA general partner is liable only to the extent of his contribution while a limited partner is liable beyond his contribution. (TRUE OR FALSE)Type of partnership which comprises all that the partners may acquire by their industry or work during the existence of the partnership. (IDENTIFICATION)Those who contribute money or property and industry or both money, property and industry to the common fund.A (15%). B (10%). C (35%). D (20%). E (10%) and F (10%) are partners in ATOF partnership. A, B. C and D were appointed as managers, but there was no stipulation as to their respective duties and no stipulation requiring unanimity. An issue arose on whether or not to enter into a contract of lease with X Corp. Managers A and B agreed to enter into a contract with X Corp, but C and D opposed the offer. Whose decision will prevail? O The decision of the majority O The decision of all the partners O The decision of the minority O The decision of those who have controlling interestWhen the manner of partnership management has not been agreed upon, all the partners shall be consideredA and B are partners in buying and selling cars. A, by the partner's agreement, was authorized to buy only incash. One day, A bought on credit a car from X, a client, who did not know of A's lack of authority. A's purchasewas made in the name of the partnership. Is the partnership bound in the sale? The partnership is not bound O because the contract is unenforceable, A exceeded his authority. It is not bound because the contract O with X is not in the ordinary course of business. It is bound because X was in good O faith and the act of A was apparently in the conduct of business. O It is bound if it ratifies the contract of sale by acceptance of benefits.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?\fThe following are the obligations of every partner in a partnership. except: O The obligation to contribute what had been promised. O The obligation to deliver the fruits of the property promised, The obligation to warrant, in case of O eviction, generic and indeterminate things which he may have contributed to the partnership The obligation to warrant, in case of O eviction, specific and determinate things which he may have contributed to the partnership