Answer key.docx - 1. In a partnership the partners decide....

1. In a partnership, the partners decide. In a corporation, the stockholders decide. False
2. Shall have no juridical personality
3. -
4. -
5. Usufruct?
6. False?
7. -
8. True
9. In universal partnership, naked ownership is retained by the partner on the thing contributed.
False, ‘by each of the partner.’ ????
10. A partnership can be created for an indefinite period. True
11. A partner can be exempted from contributing money, property or industry to a common fund. True
12. A Partner promised to contribute P10, 000 to the partnership. While proceeding to the venue where
he promised to give it, the money was stolen by a thief. Then, in this case the partner is exempted from
13. If a person who is prohibited from entering into a partnership enters the partnership. The