Macks restaurant is a partnership composed of manalo

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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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76.MACK's Restaurant is a partnership composed of Manalo, Alferez, Cancio and Kilayco, with Manalo as the manager whose contribution is80% of the firm's capital Manalo made Ongpauco his associate by assigning one-half of his share inthe firm to the latter. Did Ongpauco become a partner in thefirm?a. Yes, because Manalo is the manager.b. No, because the other partners must give their consent inorder that Ongpauco may be admitted to the partnership.c. Yes, because the assignment by Manalo of his share in thefirm did not affect his ownership of the controlling interest.d. No, because the assignment by Manalo of his share in the firm diminished his interest in the partnership.
77.A partner is a co-owner with his partners of specific partnership property. Such co-ownership:
78.CLEAN Laundry Services Company is a partnership composed of Carpio, Legaspi, Encinas, Alzate and Noval Without the knowledge of the other partners, Carpio used a coat brought to the shop by a customer for dry-cleaning in aparty he attended, The coat was accidentally stained with food sauce during the said party. Who will be liable to the customer for damages?
79.A limited partner is prohibited on account of his claimagainst the partnership from performing the following acts, except:
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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
80.Lazarte, a limited partner in Bellevue Company, Ltd., received the amount of P100,000.00 representing his contribution which was being returned on the date stipulatedin the certificate. Partnership records, however, showed that the firm had liabilities of P220,000.00 which arose before Lazarte received the return of his contribution, and assets of only P90,000.00after such return of contribution.a. Lazarte is bound to bring back to the partnership the amount of P100,000.00 plus interest. thereon. "b. Lazarte is bound to give the partnership P220,000.00plus interest thereon.c. Lazarte is bound to give the partnership P130,000.00plus interest.d. Lazarte is not bound to return to the partnership any amount because he received the return of his contributionpursuant to a contractual stipulation.

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