Ii he may be removed as manager with or without just

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Anderson's Business Law and the Legal Environment, Comprehensive Volume
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Chapter 41 / Exercise 3
Anderson's Business Law and the Legal Environment, Comprehensive Volume
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ii. He may be removed as manager with or without just or lawful cause I by the vote of the partner owingthe controlling interest. iii. He may perform all acts of administrator despite the opposition of his partners provided he is good faith. iv. He may perform all acts of administration in good faith but opposing partners may resort to his removal if he persists. Based on the foregoing: A.I and III pertain to a partner appointed as manager in the articles of partnership. B.I and III pertain to a partner appointed as manager through a document after the formation of the partnership C.II and III pertain to a partner appointed through a document after the formation of the partnership. D.I and IV pertain to a partner appointed as manager in the articles of partnership ANSWER: A
20. The partnership will bear the risk of the loss of three of the following things. Which is the exception?
21. A partner's interest in the partnership is his share of the
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Anderson's Business Law and the Legal Environment, Comprehensive Volume
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Chapter 41 / Exercise 3
Anderson's Business Law and the Legal Environment, Comprehensive Volume
Jennings/Twomey
Expert Verified
profits and surplus which he may assign to a third person, Which of the following statements concerning such right is correct?
22. Torres is indebted for P5,OOO.00 to MACE Trading Company, a partnership managed by Mendoza to whom Torres also owes P 10,000.00. The two debts which are both demandable are unsecured. Torres remits P4,500.00to Mendoza in payment of his debt to him. Accordingly, Mendoza issues a receipt for his own credit. To which credit should the payment be applied?

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