PARTNERSHIP

1. It is a group of men pursuing a learned art as a common calling in the spirit of public service.

A. Partnership
B. Profession
C. Corporation
D. Commerce

2. The partnership has a (an) __________ separate and distinct from that of each of the partners.

A. Identity
B. Contribution
C. Juridical personality
D. Artificial rights and duties

3. It is created by contract and law

A. Co-ownership
B. Partnership
C. Cooperative
D. Corporation

4. The object or purpose of a partnership must be _______.

A. Difficult
B. Contrary to morals
C. Within the commerce of man
D. Not possible

5. A right that is connected with a thing rather than a person.

A. Property Rights
B. Personal Rights
C. Real Estate Rights
D. Real Rights

6. ________ is to set a condition for the issuance of licenses to engage in business or trade.

A. Contract
 B. Registration
C. Preparation
D. Meeting of minds

7. A partnership is void, whenever ____________ is contributed thereto

A. Capital of less than 3,000 pesos

B. Fungible Property
C. Immovable Property
D. Industry

8. Any immovable property or a (an) ________ therein may be acquired in the partnership name.

A. Interest
B. Obligation
C. Real property
D. Criminal Actions

9. They cannot sue.

A. Partnership
B. Partners
C. Societies
D. Corporation

10. It has for its objects determinate things, their use or fruits, or specific undertaking, or the
exercise of a profession or vocation.

A. Universal Partnership
B. Particular Partnership
C. Partnership for Particular Undertaking
D. Ordinary Partnership

11. It comprises all that the partners may acquire by their industry or work during the existence of
the partnership.

A. Partnership at Will
B. Limited Partnership
C. Universal Partnership of all Present Property
D. Universal Partnership of all Profits
12. A partnership of all present property is that in which the partners contribute all the property
which actually belongs to them to ____________.

A. The partnership
B. A common fund
C. The common benefit or interest of the partners
D. Corporation

13. The following are the reasons why Future properties cannot be included, except:

A. As a rule, contracts regarding successional rights cannot be made

B. A universal partnership really implies a donation and future property cannot be donated
C. The contract is void from the very beginning
D. A partnership demands that the contributed things be determinate, known, and certain

14. What passes to the partnership at the celebration of the contract?

A. The title of the property

B. Services to be rendered
C. Ownership
D. Usufruct

15. Those whose connection with the partnership is not known to the public

A. Secret Partner
B. Partners by Estoppel
C. Silent Partner
D. Dormant Partner

16. The following are persons who cannot enter into a universal partnership, except:

A. Legally married spouses

B. Persons of legal and are capacitated
C. Persons who were guilty of adultery or concubinage at the time of the donation
D. Persons who were guilty of the same criminal offense

17. Diligence in the performance of a task.

A. Res Alicujus
B. Commitment
C. Industry
D. Prima Facie