BUSINESS LAWS AND REGULATIONS

ASSIGNMENT NO. 1

Instruction: Answer the following in a clean sheet of paper. Take

a picture of your answers then submit through PM in my
Facebook Messenger. Due date will be on August 28, 2023 at 5PM.

NOTE: ALL ANSWERS MUST BE HANDWRITTEN.

1. What are the Basic Types of Business Organizations?

2. What is Partnership?
3. What are the requisites of a partnership?
4. What are two tests to determine the existence of a partnership?
5. What is a juridical person?
6. What are the characteristics of a partnership?
7. What is the Doctrine of Delectus Personae?
8. What are the rules to determine the existence of partnership
under Article 1769 of the New Civil Code?
9. Distinguish partnership from co‐ ownership/co‐possession.
10. What are the effects of an unlawful partnership?
11. What are the typical incidents of partnership?
12. What are the rules regarding distribution of profits and losses?
13. What is the rule regarding a stipulation which excludes a
partner in the sharing of profits and losses?
14. How are partnerships formed?
15. What are the formalities needed for the creation of a
partnership?
16. If the requirements under Art. 1773, as regards contribution of
real property to a partnership, has not been complied with, what is
the status of the partnership?
17. What must be done in order that the partnership may be
effective as against third persons whenever immovable property is
contributed?
18. Can there be a partnership based on a verbal agreement, and
without such agreement being registered with SEC?

P.S.
Read Articles 1767-1783 of the New Civil Code of the
Philippines.

Reference Books:
1. Business Laws and Regulations by Atty. Andrix Domingo.
2. Partnership and Corporation by Atty Soriano
3. Partnership and Corporation by Atty Hector de Leon