Uploaded by Wayne Bersalona

ARTICLE 1767

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ARTICLE 1767. BY THE CONTRACT OF PARTNERSHIP TWO OR MORE PERSON’S BIND THEMSELVES TO CONTRIBUTE
MONEY, PROPERTY OR INDUSTRY TO A COMMON FUND, WITH THE INTENTION OF DIVIDING THE PROFITS AMONG
THEMSELVES. TWO OR MORE PERSON’S MAY ALSO FORM A PARTNERSHIP FOR THE EXERCISE OF A PROFESSION. (1665)
SEC 2. CORPORATION DEFINED- A CORPORATION IS AN ARTIFICIAL BEING CREATED BY OPERATION OF LAW, HAVING THE
RIGHT OF SUCCESSION AND THE POWERS ATTRIBUTES, AND PROPERTIES EXPRESSLY AUTHORIZED BY LAW OR
INCIDENTAL TO IT’S EXISTENCE
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