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