1st Quiz- Partnership ⚫ Rules in distributing the profits and losses

among the partners.

⚫ Risk of loss of things

⚫ Remedies of capitalist partner if the industrial

partner refuses to render service when its only
contribution is service

⚫ May the designation of profits or losses of

each partner be assigned to a third person?

⚫ What are the obligations of the partners among

themselves and with respect to the
contribution? Art 1784

⚫ What are the property rights of a partner?

⚫ What is the rule with respect to the

management of the partnership under 1800 of
the civil code?

➢ Managing partner - role may be revoked at

any time after the institution of the partnership

AGENCY, TRUST, AND PARTNERSHIP

1st Quiz (based on recit questions)
Labyu all – Buden
⚫ What is the legal effect of conveyance of
property in Art 1819?

⚫ Elements of partnership by estoppel (liability).

⚫ What is the liability of partners who acted

without authority of the partnership?

⚫ What is the rule where there are two or more

managers in the partnership?

⚫ What is the liability of partners who used or

converted the money/property of the
partnership?
⚫ What is the liability of the partnership for the
acts of the partners?

AGENCY, TRUST, AND PARTNERSHIP

1st Quiz (based on recit questions)
Labyu all – Buden
⚫ What is innocent purchasers without notice? ⚫ What is dissolution and winding up the
partnership?

⚫ What is the rule if there is eminent loss of

business?

⚫ What is the obligation of the partners who

⚫ What is the manner of appraisal of what was received credit under Art 1793?
contributed to the partnership (goods and
properties)?

⚫ What is the rule laid down under Art 1816 of the

civil code?

⚫ Who has the power/authority that will declare

that a partner/partnership is insolvent? Art
1830
- I am not know this. Lol. Sorry

AGENCY, TRUST, AND PARTNERSHIP

1st Quiz (based on recit questions)
Labyu all – Buden
⚫ What are the grounds for dissolution under the ⚫ Who are authorized to wind up the affairs of the
decree of court? Art 1831 partnership? Art 1836

⚫ What does Art 1833 of the Civil Code

contemplate?

⚫ What are the modes of appointment of

manager in a partnership? Art 1800-1803

⚫ What are the obligations of the liquidating

partners? Art 1836

AGENCY, TRUST, AND PARTNERSHIP

1st Quiz (based on recit questions)
Labyu all – Buden
⚫ The rule set by Art 1809

⚫ What is the rule contemplated under 1792?

⚫ Art 1831 constitutional rights

⚫ Can a partner assign his whole interest to a

third person without the consent of the other
partners? Art 1813

⚫ Dissolution effected in contravention of

partnership agreement. Art 1837

⚫ What is the legal effect of dissolution of

partnership in contravention of the agreement?

AGENCY, TRUST, AND PARTNERSHIP

1st Quiz (based on recit questions)
Labyu all – Buden
⚫ What are the exceptions in Art 1818? ⚫ What kind of notice required by law in order
that a retiring partner will not be subsequently
liable?
Note: QUALIFY THE NATURE OF CREDITOR

⚫ What is the meaning of knowledge of a fact or

notice of dissolution to creditors?

AGENCY, TRUST, AND PARTNERSHIP

1st Quiz (based on recit questions)
Labyu all – Buden
⚫ Effects of dissolution and winding up of ⚫ Is the individual partner exempted from the
partnership. Art 1829 liabilities of the partnership? Art 1797 and 1816

⚫ Grounds/causes of dissolution of partnership.

Art 1830

⚫ Rights of the partner who caused wrong to the

partnership

AGENCY, TRUST, AND PARTNERSHIP

1st Quiz (based on recit questions)
Labyu all – Buden
⚫ What is the difference between the last
paragraph of Art 1834 and the first paragraph
of 1769? [Let me read it to you (Nuñez, 2023)
HAHAHAHA]

ART. 1834

VS.

⚫ What is the order of application of assets to

satisfy the liabilities of the partnership?

⚫ What is the legal effect of dissolution on

existing liabilities?

P.S. Dili apil diri tong 1st two recits nato pero kaya ra kaayo to ninyo
hehe. Try nako dungag unya if magka time. Matulog sako kay 2:09 AM
na tapos magsimba pami 6 AM. Kasab-an kos akong mama ug di ko
kasimba huhu.
-Buden

AGENCY, TRUST, AND PARTNERSHIP

1st Quiz (based on recit questions)
Labyu all – Buden