GENERAL PROVISION 1767- Definition of partnership 1768- Juridical personality 1769- Rules to determine partnership existence 1770- Lawful object of the partnership 1771- Partnership contract may be constituted in any form 1772- Capital or 3k or more, contract must appear in public instrument, registered with SEC 1773- Public instrument for immovable property with inventory signed by parties and attached to PubIn 1774- Acquisition or conveyance of immovable property 1775- secret partnership w/o juridical personality 1776- Classification of partnership 1777- Kinds of universal partnership 1778- Universal partnership of all present property 1779- Universal partnership of all present property belongs to the partnership 1780- Universal partnership of profits, the partners retain ownership only the usufruct becomes a common property 1781- No specification is presumed to be universal partnership of profits 1782- person prohibited from giving donation 1783- Particular partnership OBLIGATIONS OF THE PARTNERS 1784 – Partnership begins at the execution of the contract unless otherwise stipulated. 1785- If partnership is continued after a term or undertaking, the rights stays the same 1786- Property contribution 1787-Goods contribution 1788-Money contribution 1789- Industrial partner cannot engage in business for himself 1790- Equal contribution in the absence of stipulation 1791- Additional contribution of capitalist partner 1792- Obligation of MANAGING PARTNER who collects debt 1793- Obligation of a PARTNER who collects partnership credit 1794- Partners are responsible to the partnership for damages suffered through his fault 1795- Who bears the loss? 1796-Partner is liable for his disbursed amount, and answer obligations a partner may have contracted 1797- P/L distribution 1798-P/L designation to a third person 1799- Void stipulation excluding a partner from P/L 1800- Acts of administration 1801- When two or more managing partners have been entrusted with the management 1802-Unanimity of action stipulated SECONDARY RIGHTS 1804- Sub-partnership 1805- Inspect books 1806- Demand to inspect books 1807- Ask for returns from profits without the consent 1808- Relative prohibition 1809- formal accounts of affairs PRIMARY RIGHTS 1810- Primary rights 1811- Partner is a co-owner 1812- Interest in the partnership 1813-Conveyance of whole interest 1814-Charging lien OBLIGATION OF THE PARTNERSHIP TO A THIRD PERSON 1815-The partners may use any firm name of the juridical person
