Tanon College

San Carlos City, Negros Occidental

Bachelor of Science in Business Administration
(Law 312)Preliminary Examination SY 2019-2020

1. Pablo, Jose and Pedro organized a Partnership wherein they will transport minor female teens to cabarets
and nightclubs in Manila. Pablo and Jose contributed P5 Million pesos each while Pedro contributed
firearms to use to coerce and threaten the minor female teens. Over the course of 5 years, their
partnership has profited P50 Million pesos.
a. Is their partnership valid? Why? 3 pts
b. What will happen to the P5 million pesos that Pablo and Jose contributed? Why? 4 pts
c. What will happen to the firearms that Pedro contributed? Why? 4 pts
d. Where will the profit go? Why? 4 pts.
2. Mr. and Mrs. Andres wanted to create a their own universal partnership to help them achieve their
financial goals in life.
a. Is the Universal partnership created by Mr and Mrs. Andres valid ? why? (5 pts)
b. For example, Mr and Mrs. Andres were lawyers, can they organize a professional partnership?
Why? 5pts.
3. Corazon, Maricar and Aljen organized a partnership for the business of Travel of tours. Corazon and
Maricar were capitalist partners while Aljen is the Industrial partner.
a. While the partnership is existing, Corazon entered in a new business venture, particularly a
restaurant business. Maricar informed Corazon that she cannot enter in a new business venture
because she is still part of the partnership. Is Maricar correct? Why? 5 pts
b. Aljen, after hearing that Corazon started her own business, also established a grocery store. Is
the act of Aljen valid? Why? 5 pts.
4. Mike, Mark and Michelle organized a partnership which later on was on the brink of bankruptcy. Mike
and Mark were capitalist partners who contributed an additional share to help revive the partnership
while Michelle, the industrial partner refused to contribute. Can Mike and Mark force Michelle to
contribute or buy her share? Why? 10 pts
5. Queenie, Mason and Marjorie organized a partnership but they have not agreed on the terms of profit
and loss sharing. Queenie and Mason are capitalist partners while Marjorie is the industrial partner.
a. How much will Queenie and Mason get as a share in the profits? Why? 5pts
b. How much will Marjorie get as a share in the profits? Why? 3 pts
c. How much will Queenie, Mason and Marjorie share in the loss? Why? 7 pts
6. Taguro, Raizen and Eugene organized a partnership for restaurant business. Taguro was designated as the
manager and there was no agreement on how much the compensation for the manager. From 2010 until
2019, Raizen and Eugene were out of the country enjoying their European vacation while Taguro stayed
in the Philippines tending their business. Is Taguro entitled for compensation? Why? 10pts
7. Jose, Andres and Apolinario created a partnership on the year 2010. They have gained profits and likewise
created liabilities. On the year 2019, Miguel entered their partnership. The three original partners wanted
Miguel to contribute to the liabilities they have incurred however Miguel was quick to answer that he was
not a partner when the debts were incurred, hence he is not liable thereto. Who among them is correct?
10pts.
8. Manuel a construction businessman wanted to find the best partner for his universal partnership venture,
the construction of the bridge that will connect San Carlos City and Toledo City, Cebu. He went to Secretary
Villa, the current secretary of DPWH because he knows that Sec. Villa has knowledge of the bridge
construction. What are the implication of the said partnership created by Manuel and Sec. Villa? Why?
10pts
9. What are the instances wherein a partner shall have the right to a formal account of partnership affairs?
5pts
10. What are the property rights of a partner? 5pts