Unit Partnership

Module Partnership
AE2-BLR Business Law and Regulation Units: 3 P age |1

WRITTEN TASK 1.1.1

“Partnership”

STUDENT NAME: ______________________________ SECTION:_______________

Answer the following question and explain.

1. A and B each contributing P1,000,000 formed a partnership to engage in buying and

selling empty bottles. There were no formal agreement and no public instrument
executed. Later, the partnership acquired a parcel of land as a warehouse of the business.
Is there a valid partnership? Why?
2. A, B, and C formed a partnership with the following contribution to be delivered on
January 10, 2021:
A to contribute P10,000
B to contribute a specific land
C to contribute a specific building
a. Suppose A gave only his P10,000 on January 10, 2022, what is his additional
obligation? Why?
b. Suppose B delivered the land on January 10, 2021, but the partnership was evicted by
the real owner “O”, what is the obligation of B? Why?
c. Suppose C failed to deliver the building on time because it is possessed by “L” as a
lessee, what is his obligation to the partnership? Why?

PREPARED BY: APPROVED BY:

ST ND
WEEK 1 –2
MIDTERM MR. WILBERT A. MAÑUSCA
1 MEETING MS. CHITA S. CABANZA School Administrator
AE2-BLR- Instructor
 Unit Partnership
Module Partnership
AE2-BLR Business Law and Regulation Units: 3 P age |2

PREPARED BY: APPROVED BY:

ST ND
WEEK 1 –2
MIDTERM MR. WILBERT A. MAÑUSCA
1 MEETING MS. CHITA S. CABANZA School Administrator
AE2-BLR- Instructor