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CA51017 (2A20)
 
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3. Review Test Submission: Law on Partnerships Part 1

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Review Test Submission: Law on Partnerships Part 1

 
User PATRICK GABRIEL CIANO
Course CA51017 (2A20)
Test Law on Partnerships Part 1
Started 2/27/20 7:19 PM
Submitted 2/27/20 7:54 PM
Status Completed
Attempt 78 out of 99 points  
Score
Time 34 minutes out of 1 hour
Elapsed
Instructions Multiple Choice Questions. Choose the best answer among the
options provided.

 Question 1
0 out of 3 points

What is the effect if an unlawful partnership is dissolved by a judicial decree?

 Question 2
3 out of 3 points
May a capitalist partner engage for his own account in any operation of business?

 Question 3
3 out of 3 points

A partnership begins from the moment of the execution of the contract, unless it is
otherwise stipulated.

 Question 4
3 out of 3 points

The following are true regarding partnerships, except?

 Question 5
3 out of 3 points

The power of a managing partner appointed in the articles of partnership is/are?

 Question 6
3 out of 3 points

Which of the following statements is true?

 Question 7
3 out of 3 points

What is the effect of failure to comply with the requirements in case an immovable
property was contributed?

 Question 8
3 out of 3 points

Every partnership shall operate under a firm name, which must include the name of one
or more of the partners.

 Question 9
3 out of 3 points

What is the effect in case of failure to comply with the requirements in every contract
having a capital of three thousand pesos or more?

 Question 10
3 out of 3 points
Those who, not being partners, include their names in the firm name, shall be subject to
the liability of a partner.

 Question 11
0 out of 3 points

What is the effect if two or more partners have been entrusted with the management of
the partnership without specification of their respective duties?

 Question 12
3 out of 3 points

What is the consequence in case a partner refuses to contribute additional capital to save
the partnership from imminent loss?

 Question 13
0 out of 3 points

What will be the effect if the authorized managing partner collects a demandable sum
which is collected from a person who owed both partner and partnership but was given
on account of the partnership?

 Question 14
3 out of 3 points

In a universal partnership of all present property, the property which the partners may
acquire subsequently by inheritance, legacy or donation

 Question 15
3 out of 3 points

If the article of universal partnership is entered into without specification of its nature,
what shall govern?

 Question 16
0 out of 3 points

What is the remedy of the capitalist partner if an industrial partner engages in business
for himself without express permission of the partnership?

 Question 17
3 out of 3 points

The receipt by a person of a share of the profits of a business is prima facie evidence that
he is a partner in the business, except?

 Question 18
3 out of 3 points

What are the requirements in case an immovable property was contributed by a partner?

 Question 19
3 out of 3 points

What is the effect if the partner who undertakes to contribute a sum of money fails to do
so?

 Question 20
3 out of 3 points

What will be the effect if the authorized managing partner collects a demandable sum
which is owed to him in his own name, from a person who owed the partnership another
sum also demandable?

 Question 21
3 out of 3 points

This is a partnership in which the partners contribute all the property which actually
belongs to them to a common fund, with the intention of dividing the same among
themselves, as well as all the profits which they may acquire therewith.

 Question 22
3 out of 3 points

Which of the following shall bind the partnership?

 Question 23
3 out of 3 points

When the manager of management has not been agreed upon, which of the following
rules shall be observed?

 Question 24
3 out of 3 points

Every partner is a debtor of the partnership for whatever he may have promised to
contribute thereto.
  Question 25
3 out of 3 points

The following are correct regarding partnership books, except?

 Question 26
0 out of 3 points

What is the effect when a person, by words spoken or written or by conduct, represent
himself, or consents to another representing him to anyone, as a partner in an existing
partnership with one or more persons not actual partners?

 Question 27
3 out of 3 points

This is a business organization established by two or more persons who bind themselves
to contribute money, property or industry to a common fund, with the intention of
dividing the profits among themselves.

 Question 28
3 out of 3 points

What are the property rights of a partner?

 Question 29
0 out of 3 points

What is/are the requirement/s in every contract of partnership having a capital of three
thousands pesos or more, in money or property?

 Question 30
3 out of 3 points

What is the effect in case of failure to comply with the requirements in every contract
having a capital of three thousand pesos or more?

 Question 31
0 out of 3 points

Which of the following may be formed for the exercise of a profession?

 Question 32
3 out of 3 points

The following are correct regarding sharing of profit, except

  Question 33
3 out of 3 points

Which of the following is correct when a conveyance is executed by a partner where the
title to real property is in the name of one or more or all of the partners or in a third
person in trust for the partnership?

Thursday, February 27, 2020 7:54:42 PM PST

 OK